₦airaland Forum

https://www.youtube.com/watch?v=6sxRbSqvM5c

Let Nigerians breathe

When I first argued that government should review its approach to the withdrawal of petrol subsidy and consider responsible intervention to bring down the cost of fuel, Mr. Bola Tinubu dismissed my proposal as demonstrating “serious ignorance” of governance and the economy. My dear Bola, events since then have raised a simple question.

Is the Nigeria Labour Congress also ignorant when it calls for urgent intervention to cushion workers from rising petrol prices? Are petroleum marketers ignorant when they call for policies that strengthen domestic refining and help moderate pump prices? Are Nigerian manufacturers ignorant when they warn that power-related expenses now consume more than half of operating costs? And are the millions of Nigerians crying out because they can no longer afford transportation, food, and other basic necessities also ignorant?

When workers, producers, marketers, and ordinary families are all raising the alarm, government must listen. If everybody who questions your policy is ignorant while only the President is presumed to be wise, then we have a leadership problem on our hands.

If elected, from May 29, 2027, I will introduce a transparent production subsidy for petroleum products refined in Nigeria and sold to Nigerians. Our production subsidy will work the same way: government support must bring prices down. Only products confirmed to be refined in Nigeria will qualify. Imported products will not. The programme will have a fixed spending limit, National Assembly approval and independent audits.

Bola Tinubu should not be ashamed to do what is necessary to lower the price of petrol simply because Atiku Abubakar proposed a government intervention. He should just take the idea, rename it if he wishes, and even take the credit. What matters to me is that Nigerians pay less

Atiku Abubakar
ADC Presidential Candidate

ATIKU is more dull than peter obi completely

Atiku take it easy on tinubu. Your constant checks on him may incapacitate him politically.
You have rendered the so called c in c restless this past few months. He even went as far as running to France to avoid your wotowoto.

yarimo:
ATIKU is more dull than peter obi completely

I'm not sure you are in Nigeria

Yes, the increase in fuel price is a global issue but do we have the same purchase power as others on the global stage?

A family man earning 500k monthly with a family car is a poor man as that car will consume nothing less than 200k monthly despite the fact that the car is a necessity, a report just came out that 61% of Nigerians are in extreme financial distress.

Ppl are running out of option

The subsidy removal in 2023 was a good idea but recent events demand drastic review of the policy

O to ge

I love the way Atiku is dealing mercilessly with Mr agbado. Where has this version of Atiku been all along?

I'd rather lose the election than reverse the most needed policy for the economic sustainability of this country.

Sirjamo:
I'd rather lose the election than reverse the most needed policy for the economic sustainability of this country.

This is no longer about economic sustainability.. it's wickedness

Every country of the world always provide a safety net during tough times e.g a lot of countries provides loans, grants and other cushions during coving 19

Good one by Atiku.
Tinubu’s so called policies have been a disaster from day one.

Mr Lazy thinker with an epic economic ignorance. The current hike in crude prices is due to Trump's most irrational decisions in the Middle east, which he and his party will ultimately suffer its consequences this midterm elections. Before the war, the price of fuel was selling at 780-790 naira/ liter and food prices were already crashing so much so that Peter Obi was lamenting that Tinubu was making the farmers poorer by crashing food prices.

Atiku, Nigeria's treasury still dey enter your eye. the money of this country will never again be warehoused in your wife's account. The ones you stole which was exposed by OBJ and US Congress, you will vomit when Tinubu returns to power in January. Nigeria have moved past the days of darkness.

#NoVacancyInAsoRock

-Kiss the truth!

RealLordZeus:
This is no longer about economic sustainability.. it's wickedness

Every country of the world always provide a safety net during tough times e.g a lot of countries provides loans, grants and other cushions during coving 19

How much is a liter of gasoline in the US convert to naira?. Americans are paying more for gasoline than in Nigeria. Considering that the US also is an oil producing country. The war has a global effect.

The President has provided several social safety nets including total removal of VAT from food and medical items, also tarriffs on food imports slashed, some zero tarriffs YET the greed of your fellow country men would not let the gains reflect on consumer prices. Little wonder, the Chinese have swooped in the retail market, thereby, making the greedy traders cry.

#NoVacancyInAsoRock

-Kiss the truth!

You said no fuel subsidy
But electricity is not stable
Some community willing removed themselves from band A because no be light dem go chop

Recently the same electricity is being said to have subsidy

So which subsidy is being removed
They are siphoning money

Tinubu is a failure

Bring back subsidy because alas there is no gain with it

Atiku sorry its too late. You are out of the race you knew it already you are just lije a drown man fighting for survival.

Na Tinubu do this one too?

yarimo:
ATIKU is more dull than peter obi completely

I think the comparative term you meant is "Duller".

...This is why stones are not tossed around in glass houses.

TimeManager:
Mr Lazy thinker with an epic economic ignorance. The current hike in crude prices is due to Trump's most irrational decisions in the Middle east, which he and his party will ultimately suffer its consequences this midterm elections. Before the war, the price of fuel was selling at 780-790 naira/ liter and food prices were already crashing so much that Peter Obi was lamenting that Tinubu was making the farmers poorer by crashing food prices.

Atiku, Nigeria's treasury still dey enter your eye. the money of this country will never again be warehoused in your wife's account. The ones you stole which was exposed by OBJ and US Congress, you will vomit when Tinubu returns to power in January. Nigeria have moved past the days of darkness.

#NoVacancyInAsoRock

-Kiss the truth!

you made it

Flangelo12:
Na Tinubu do this one too?

you are right

He's not saying anything. He's just reading. He's a good reader but I want him to talk from his heart and not from paper

TimeManager:
How much is a liter of gasoline in the US convert to naira?.
The President has provided several social safety nets including total removal of VAT from food and medical items, also tarriffs on food imports slashed, some zero tarriffs YET the greed of your fellow country men would not let the gains reflect on consumer prices. Little wonder, the Chinese have swooped in the retail market, thereby, making the greedy traders cry.

#NoVacancyInAsoRock

-Kiss the truth!

how much is minimum wage in the us convert it to naira let see

RealLordZeus:
This is no longer about economic sustainability.. it's wickedness

Every country of the world always provide a safety net during tough times e.g a lot of countries provides loans, grants and other cushions during coving 19

If they reverse the subsidy who will take care of their lifestyle flexing?

The man who once proposed VAT cut and fuel tax cut now wants us to bear with him in the pain and suffering.

Tinubu has competent cabinet. They will review your proposal and revert.

Tinubu is stone deaf and dead, capo listens to no one. Atiku Abubakar is the next President.

Jumat gibberish!

Seems Atiku over-prayed and now facing repercussions.


Offering Policy you never implemented as vice president for 8 years

AdegbemiroX:
Tinubu has competent cabinet. They will review your proposal and revert.

The hero worshippers? None of them can stand up to their boss. The one who did so ha sleft the cabinet.

A liter of gasoline in the US costs roughly about $1.2 which is about ₦1,500 naira.

Minimum wage monthly for the poorest American is about ₦1.5 million converted to naira. Min wage in Nigeria is ₦75,000

Nigerians are now paying almost the same or more at the petrol station per liter than Americans.

TimeManager:
How much is a liter of gasoline in the US convert to naira?. Americans are paying more for gasoline than in Nigeria. Considering that the US also is an oil producing country. The war has a global effect.

The President has provided several social safety nets including total removal of VAT from food and medical items, also tarriffs on food imports slashed, some zero tarriffs YET the greed of your fellow country men would not let the gains reflect on consumer prices. Little wonder, the Chinese have swooped in the retail market, thereby, making the greedy traders cry.

#NoVacancyInAsoRock

-Kiss the truth!

My convo with chatgpt about our present petrol price increase predicament which these government mis.cre.ants are blaming iran-US war for👇🏾

MY QUESTION: Are other oil-producing countries experiencing the same astronomical petrol-price increase Nigerians are experiencing?


CHATGPT'S RESPONSE: No—not generally.
The Gulf producers have suffered enormous economic losses from the war and disruptions to their oil exports, but many have shielded their domestic motorists from the full international price shock.
Nigeria has passed much more of the shock through to the pump.
And that's why comparing Nigeria's petrol price with Saudi Arabia, Kuwait, Qatar and the UAE is much more revealing than simply saying, "Crude oil is expensive everywhere.

ogolemati:
how much is minimum wage in the us convert it to naira let see

Minimum wage does not give any cushioning effects over the war in the middle east, otherwise, Americans wouldn't be lamenting as much over high costs of living. Receive sense!

#NoVacancyInAsoRock

-Kiss the truth!

TimeManager:
How much is a liter of gasoline in the US convert to naira?. Americans are paying more for gasoline than in Nigeria. Considering that the US also is an oil producing country. The war has a global effect.

The President has provided several social safety nets including total removal of VAT from food and medical items, also tarriffs on food imports slashed, some zero tarriffs YET the greed of your fellow country men would not let the gains reflect on consumer prices. Little wonder, the Chinese have swooped in the retail market, thereby, making the greedy traders cry.

#NoVacancyInAsoRock

-Kiss the truth!

Baba softly dey lie..
The average price of petrol (gasoline) in the USA is approximately $1.18 to $1.23 per litre

Petrol in Nigeria is #1400 per litre in my area and higher in some other parts of Nigeria

Which is like $1.10 per litre..

Since you start the comparison, pls go further and compare our income

Like I said, subsidy removal in 2023 is a good idea but with the idiotic wars going on everywhere, it is suffocating..
Lastly, answer this query, if crude go as far as $150/ barrel, will you still be supporting the subsidy removal

There is nothing to gloat over AA, this is unexpected situation. Mr President and his economic team should sit around the table and fashion out how to cushion the effects of the unexpected situation till things return to normal.

yarimo:
ATIKU is more dull than peter obi completely

I was about to say the same....iwas just shaking my head and smiling while reading what he claim to be intervention or subsidy to lower petrol prices by subsidising production when more than half of that petrol will end up in Cameroon, Benin, Niger and everywhere in west Africa.

Before subsidy removal we were said to be using more than 60 million liters daily in Nigeria and government must pay for each of those litres after subsidy removal we now use about 20 to 30 million litres even that figure still includes those being smuggled out.

How do you determine what is for production? The only subsidy that works for Nigerias is Nelfund, prompt salary payments,limprove infrastructure, business loans etc anything like organisational subsidy will only enrich a few and subject the majority to poverty and suffering and smiling that is cheap fuel that you can't see or have more to buy.....petrol station no fuel but black market beside the station will have fuel.