₦airaland Forum

let subsidy return please.the hardship is too much. the economy had already collapsed, so no new thing again because its subsidy that we are enjoying as a Nigerian

Kukutente23:
Even zombies want subsidy returned
They are just ashamed to say it
That's why you see them run away from threads like this cause they are also feeling the effect
Bring back subsidy
APC already said we don't need to make sacrifices anymore!

Tinubu said Nigerians have paid the price.

Every government in the world provides subsidies for their citizens, Nigeria cannot be an exception just because one corrupt man and his corrupt political gang want it so.

Even nations that have several social welfare packages and more still subsidize their national energy and critical commodities.....why then must a damaged and politically destroyed nation like Nigeria that her citizens benefit nothing from government be at the forefront of complete subsidy removal on energy that determines every other thing in Nigeria even after unifying FOREX another critical thing in Nigeria's survival as a nation?


It shows insensitivity, wickedness, and extreme corruption from the man at the helm of affairs of Nigeria not to have reversed the demonic subsidy removal he did to raise more money for himself and his criminal stat Governors to loot

Ironfaceman:

https://www.youtube.com/watch?v=1T4idgsSVtU



Ever since the ADC presidential candidate Alh Atiku Abubarka hinted on returning sudsidy.

There have been a loud chorus of his return to subsidy by many Nigerians.

Prominent Amongst them is NDC presidential candidate Mr Peter Obi who has promised to return subsidy.

Judging by SDM revelation one can say that the removal of subsidy without building and enabling the right environment and system has put Nigeria in a precarious state.

I want the subsidy returned but not the usual subsidy. This time I want the subsidy to be given to the local refineries in terms of supplying them srude oil at a low price and them place on them a maximum price control to enable Nigerians but crude at a cheap price. At the same time let the boarders be secured to avoid smuggling of petrol to neighbouring countries. That is the subsidy I want not the one that empowers foreign powers and importers.

Eriokanmi:
As a staunch supporter of Peter Obi, I stand with him. Subsidy stands removed. I wish tinubu had not been callous and cruel in his approach, he should have adopted the Obi's approach. Obi proposed the Angola model. Angola removed Subsidy too, but gradually. That's why they're not crying today. You came into office and said...Subsidy is gaan! Without,first providing palliatives like Jonathan he once criticised with sponsored nationwide protests had done.

Had he made provision for a supplementary budget to cater for this, same way he did on less important and frivolous areas when he came, the masses wouldn't be crying like this today and it takes a wicked and unfeeling leader to act that way. Nigeria isn't difficult to govern. Fashola's leadership model in Lagos made me believe so, cos my state is the most difficult in Africa to govern. Though it was because he didnt listen to tinubu which almost cost him his 2nd term bid. He dealt ruthlessly with Tinubu's allies who refused to do good jobs after taking contracts as well, their usual habit.

Atiku should just rest. There's no amount of baits he can set for us that would catch us. He'll rather draw Nigeria backwards by half a century if given the chance to rule Nigeria. The way he managed the sale of fed govt property and the monetisation arrangements had shown. He should just rest and focus on his bad leg.

This!!! Straight to the point.

RETURN OF FUEL SUBSIDY

nairalanda1:
Subsidy gone. That's where I stand, because paying for subsidy in nigeria right now means our debt would worsen.

The problem with a subsidy now is our debt is too high for us to pay for a subsidy without borrowing more money, which would worsen our debt profile.

Keeping subsidy after 2012 in particular led to the situation with the debt we have now, caused not only by massive borrowing , but by government printing money in excess, which made the bad matter worse.

And removing corruption? Tell me, which Nigerian government has removed corruption? Na Atiku that is as corrupt as tinubu wey go remove corruption? Even Peter Obi , he is surrounded by corrupt people. Ya think those ones would allow him remove corruption.?

Plus the main issue with subsidy is government has no control over oil prices. So, when oil prices go high, cost of subsidy goes high, meaning more borrowing to pay for subsidy.

And should government be selling crude at discount to dangote, that means reduced government income, which means....more borrowing to pay for subsidy

The question you people don't ask is that, who ran the economy aground, is it the fault of innocent Nigerians, or the fault of our leaders over the past sixty years since independence. Now innocent Nigerians are suffering from the problems they didn't create, the people that created the problems are enjoying their lives.

IgOga:
It's been removed. Anyone telling you they will bring it back are giving you false promises. Unfortunately the powers that removed subsidy is beyond Nigeria

it can be reintroduced , but there is a difference in the old subsidy and the nw one atiku is talking about . the old subsidy was been given to importers , what atiku is talking about is subsidy on LOCALLY REFINED PETROLEUM PRODUCTS , which wil not affect the nation fx , it will be a capped subsidy , maybe about 100 -200 naira , so if the price of petrol is 1200 from dangote , government will take like 200 naira off and Nigerians will pay only 1000

President Atiku Abubakar (2027-2031): The Return of Subsidy.

Who subsidy removal help if no be few people

Lekby25:
The question you people don't ask is that, who ran the economy aground, is it the fault of innocent Nigerians, or the fault of our leaders over the past sixty years since independence. Now innocent Nigerians are suffering from the problems they didn't create, the people that created the problems are enjoying their lives.

And bringing back subsidy would make the above matter worse.

subsidy removal sustained!

PBAT is a hard luck President, he would have been celebrated and sailed his second tenure election easily.
Despite all the positive economy indices; the wars (Rusia vs Ukraine, instability in the Middle East (Iran, US, Isreal, Houtis, Saudi Arabia) has jeopardized and wasted his efforts.

Obi still get oil for his head not to think of reinstating the subsidy, but you see that Atiku; he should explain to Nigerians how he intends to influence OPEC and bring about peace in the Middle East in order for the crude oil and products prices to come down.

My open advice to PBAT is to increase efforts on the CNG initiative and also make importation of electric vehicles duty free for some period

IgOga:
It's been removed. Anyone telling you they will bring it back are giving you false promises. Unfortunately the powers that removed subsidy is beyond Nigeria

Oga you lied. Tinubu removed fuel subsidy just to prove that he can do it and to score cheap point in the eyes of IMF. IMF has been advising former presidents to remove the subsidy which all of them blatantly refused.

Elipsis:
Anybody who wants subsidy to remain is just being heartless.

At least, we now have a yardstick for comparison.

How was life for Nigerians before the removal?

And how is life now, after the subsidy has been removed?

Even the blind can see that removal of subsidy cannot work in Nigeria. The masses cannot continue to bear the full weight of running the government.

No refinery has been built. Roads haven't been constructed. Businesses are suffering. Transportation is extremely expensive. Food is on all-time high. Yet, the government continues to increase our taxes without cutting the cost of governance.

Subisdy must go!

Refinery takes time to build.

onatisi:
it can be reintroduced , but there is a difference in the old subsidy and the nw one atiku is talking about . the old subsidy was been given to importers , what atiku is talking about is subsidy on LOCALLY REFINED PETROLEUM PRODUCTS , which wil not affect the nation fx , it will be a capped subsidy , maybe about 100 -200 naira , so if the price of petrol is 1200 from dangote , government will take like 200 naira off and Nigerians will pay only 1000

We did subsidy on locally refined products in the past. It led to our refineries being run at a loss and eventually collapsing ...
and thus we became a net importer of fuel

MrSly:
Oga you lied. Tinubu removed fuel subsidy just to prove that he can do it and to score cheap point in the eyes of IMF. IMF has been advising former presidents to remove the subsidy which all of them blatantly refused.

Tinubu removed subsidy because he had no choice.

We had borrowed so much to fund subsidy over the years that we had no forex reserves at all at all

ceejayluv:
I wish we could never hear the word subsidy again especially in the petroleum sector. Let's move on from That, there are other areas of the economy to work on.
Tackling the transportation sector, for example with intra and intercity rails and uplifted road networks with substantial public buses, one wouldn't feel the pain of high fuel cost as much. Improving power supply is a no-brainer.

All these palliatives you mentioned should have been in place before the removal. You can see why it is hurting everyone including you

nairalanda1:
Subsidy gone. That's where I stand, because paying for subsidy in nigeria right now means our debt would worsen.

The problem with a subsidy now is our debt is too high for us to pay for a subsidy without borrowing more money, which would worsen our debt profile.

Keeping subsidy after 2012 in particular led to the situation with the debt we have now, caused not only by massive borrowing , but by government printing money in excess, which made the bad matter worse.

And removing corruption? Tell me, which Nigerian government has removed corruption? Na Atiku that is as corrupt as tinubu wey go remove corruption? Even Peter Obi , he is surrounded by corrupt people. Ya think those ones would allow him remove corruption.?

Plus the main issue with subsidy is government has no control over oil prices. So, when oil prices go high, cost of subsidy goes high, meaning more borrowing to pay for subsidy.

And should government be selling crude at discount to dangote, that means reduced government income, which means....more borrowing to pay for subsidy

Tinubuconomics proves you wrong. With subsidy Nigeria had less debt and now without subsidy the debt has exponentially skyrocketed.

Return the subsidy.

Ironfaceman:

https://www.youtube.com/watch?v=1T4idgsSVtU



Ever since the ADC presidential candidate Alh Atiku Abubarka hinted on returning sudsidy.

There have been a loud chorus of his return to subsidy by many Nigerians.

Prominent Amongst them is NDC presidential candidate Mr Peter Obi who has promised to return subsidy.

Judging by SDM revelation one can say that the removal of subsidy without building and enabling the right environment and system has put Nigeria in a precarious state.

Whether or not subsidy should be removed is a function of whether Nigerians will see the proceeds from its removal. What is the need for removing subsidy and inflicting so much pain on Nigerians only to account for nothing received from the subsidy removal? If you must remove subsidy, follow a gradual approach and let us see what you do with the money you recover from it; otherwise, leave the subsidy in place after all. During subsidy, Nigerians were buying petrol cheaper, and foodstuffs and other related commodities were affordable. So in my opinion, Nigerians just want what works well.

Is this even a question?

Of course petroleum products should be subsidized. The government is just throwing away the baby with the bath water by stopping subsidy, because it's somehow negligent of its role or maybe too lazy to curb the corruption associated with subsided petrol.

If people are smuggling subsided products across the border, enforce stronger border control and severe punishment.
If importers are inflating the prices, set up a monitoring system and punish crook marketers involved.

Do not just wake up and stop subsidy thereby throwing millions of Nigerians into poverty.

MrSly:
Tinubuconomics proves you wrong. With subsidy Nigeria had less debt and now without subsidy the debt has exponentially skyrocketed.

The so called low debt is what forced subsidy removal in the first place. It was still high

Plus we had depleted our forex reserves to pay for subsidy and they needed to be rebuilt.

Also the current borrowing we are doing is as a result of the fact that our oil revenue is too low to fund government

I want to buy fuel for N500 or less. That’s all I know.

Eriokanmi:
As a staunch supporter of Peter Obi, I stand with him. Subsidy stands removed. I wish tinubu had not been callous and cruel in his approach, he should have adopted the Obi's approach. Obi proposed the Angola model. Angola removed Subsidy too, but gradually. That's why they're not crying today. You came into office and said...Subsidy is gaan! Without,first providing palliatives like Jonathan he once criticised with sponsored nationwide protests had done.

Had he made provision for a supplementary budget to cater for this, same way he did on less important and frivolous areas when he came, the masses wouldn't be crying like this today and it takes a wicked and unfeeling leader to act that way. Nigeria isn't difficult to govern. Fashola's leadership model in Lagos made me believe so, cos my state is the most difficult in Africa to govern. Though it was because he didnt listen to tinubu which almost cost him his 2nd term bid. He dealt ruthlessly with Tinubu's allies who refused to do good jobs after taking contracts as well, their usual habit.

Atiku should just rest. There's no amount of baits he can set for us that would catch us. He'll rather draw Nigeria backwards by half a century if given the chance to rule Nigeria. The way he managed the sale of fed govt property and the monetisation arrangements had shown. He should just rest and focus on his bad leg.

You're late to the party and clearly uninformed. Obi has made a u-turn again for the umpteenth time. I know you position will also change, along with the wind.

Ezeama400:
Before the removal of the subsidy all Nigerians were benefiting from it, now the subsidy has been removed only the rich and corrupt politicians are benefiting from the subsidy money, leaving the masses to suffer for nothing .

Return the subsidy,after all that’s the only thing Nigerians are benefiting from the government..

Other countries subsidise one product or the other for their citizens, why should ours be different..?

Even Tinubu that claimed that removal of the subsidy is to save Nigeria from bankruptcy, why did our debt tripled since Bola came in then ?
is it that he’s a criminal as he was alleged or that there is something else he’s hiding from Nigerians ?

Nigerians are seeing hell since the subsidy was removed, nothing good is coming out of the removal..

Return the lovely subsidy!

Enemy of Nigeria sighted 👀. You want Nigerian to eat there today and future?.
Because of hatred for the implementer forgot so soon what we went through during subsided regime.

The only things I benefits from APC policies is Fuel subsidy removal and Floating of Naira.

The return of subsidy may affect the revenue generation in the negative side but at least it benefits everyones welbeing in the country unlike declarining growth on paper and nothing to show for it infact borrowing quardrupled together with inflation

seyigiggle:
subsidy removal sustained!

PBAT is a hard Bad luck President, he would have been celebrated and sailed his second tenure election easily.
Despite all the positive economy indices; the wars (Rusia vs Ukraine, instability in the Middle East (Iran, US, Isreal, Houtis, Saudi Arabia) has jeopardized and wasted his efforts.

Obi still get oil for his head not to think of reinstating the subsidy, but you see that Atiku; he should explain to Nigerians how he intends to influence OPEC and bring about peace in the Middle East in order for the crude oil and products prices to come down.

My open advice to PBAT is to increase efforts on the CNG initiative and also make importation of electric vehicles duty free for some period

"A Bad and Lazy Farmer, always Blame his TOOLS".

that was govt refineries , we know that anything govt has a hand in it will never work , eg nigeria airway and co . but now we have a privately owned local refinery . that is a big plus and bg indicatio that subsidy can work if govt has the political will

nairalanda1:
We did subsidy on locally refined products in the past. It led to our refineries being run at a loss and eventually collapsing ...
and thus we became a net importer of fuel

Ironfaceman:

https://www.youtube.com/watch?v=1T4idgsSVtU



Ever since the ADC presidential candidate Alh Atiku Abubarka hinted on returning sudsidy.

There have been a loud chorus of his return to subsidy by many Nigerians.

Prominent Amongst them is NDC presidential candidate Mr Peter Obi who has promised to return subsidy.

Judging by SDM revelation one can say that the removal of subsidy without building and enabling the right environment and system has put Nigeria in a precarious state.

In the Gambia a litre of fuel in naira is about 1650 naira(103 dalasi).. In Nigeria it is 1500
Gambia has a population of 2.3 million they don't produce crude oil minimum wage is between 6500 to 7000
Bag of cement here is about 400 to 450 which is about 7000 naira for a bag.
In nigeria is is sold for almost 10000 naira.
Using Gambian minimum wage you can buy almost 70 liter of fuel and almost 18 bags of cement. You cannot do the same with your Nigerian minimum wage. Fuel in Nigeria ought to be affordable for even the poorest Nigerian.
In the Gambia electricity went off for 48 hours in some part of the country, youth took to the street and matched to NAWEC office and protested that same day the light was restored and it haVe not gone off for almost three weeks.. Nigeria biggest curse is IMPROVISING and always ADJUSTING..

Any citizen against subsidy is either a fool or a sycohpant. The people deserve benefits for the natural resources and huge revenue coming in, we see politicians buying Rolls-Royce and Cadillac escalades, living like Arab kings.

ReluctantAdult:
Is this even a question?

Of course petroleum products should be subsidized. The government is just throwing away the baby with the bath water by stopping subsidy, because it's somehow negligent of its role or maybe too lazy to curb the corruption associated with subsided petrol.

If people are smuggling subsided products across the border, enforce stronger border control and severe punishment.
If importers are inflating the prices, set up a monitoring system and punish crook marketers involved.

Do not just wake up and stop subsidy thereby throwing millions of Nigerians into poverty.

Very lazy evil government. They can easily subsidise for true Nigerians by using fuel cards, issued by banks and used in filling stations, every citizen will have access to amount of subsidised fuel per day apportioned to him or her, with this card, fuel is subsidised for ordinary or poor Nigerians and the criminal middle men who do the smuggling are cut off.

The government must not be myopic. Our informal sector run this country, small barbing saloons, small businesses, small generators for families to charge phones, transportation of goods, a smart government will make fuel affordable to keep economy bouyant, a bouyant economy creates more value, more jobs, more production, more GDP, more wealth and a bigger economy...more savings for the banks, more investments...fuel subsidy for real Nigerian citizens, who need it is very important for economic growth.

Politicians go into politics for the wrong reasons in Nigeria, to loot, these myopic men are blinded by materialism and vanity.