busomma:
Nigerian government must follow suit.

Our dull, daft and dumb Confused One says he does not now what subsidy is, therefore he cannot follow anything o jare



www.nairaland.com/attachments/2589504_subsidy2_jpeg57ea79bc1f8758353f00f8db1d53dbf1

NoMoreTrolling:
Before naija progresses ehn, chai!!!

See pple saying that they voted for subsidy during GEJs time, cause he was corrupt

Meeeeeeeen

That's my naija for u though, filled with hypocrites.

U can't be a hypocrite and be expecting progress simultaneously

my brother each time I see such statement from Pple here on dis forum I get pissed off with such poor mentality. to me such a fellow silly.

tuale4u:


http://oeronline.com/industries/energy/saudi-arabia-fuel-subsidies-cut-as-crude-revenue-dive.html


Why Nigeria should do the same

United Arab Emirate has an estimated population of 10 Million in 2015
Saudi Arabia has an estimated population of 32 Million in 2015
Nigeria has an estimated population of 170 million in 2015

United Arab Emirate produce an average of 3 million barrel of oil per day
Saudi Arabia produce an average of 10 million barrel of oil per day
Nigeria produce an average of 2.2 million barrel of oil per day.

United Arab Emirate refine 1Million barrel of crude a day(about 80million litres of petrol a day)
Saudi Arabia refine 3million barrel of crude oil a day (about 240million litres of petrol a day)
Nigeria refine 300 thousand (0.3 million) barrel of crude oil a day (about 24million litres of petrol a day)

UAE and Saudi Arabia do not import petrol. Their refinery operate at more than 95% capacity. All their fuel consumption is produce domestically.
Nigeria import 80% of petrol consume in the country because Nigeria refinery find it difficult to operate at 50% capacity. Most times all the petrol consume in Nigeria are imported.

if UAE and Saudi Arabia can not afford subsidy anymore despite producing and refining their petrol in their country, I don't think Nigeria who import almost all the petrol it consume can continue with subsidy.

A Nigeria is a country with no infrastructure. Instead of wasting the little money we have on consumption through subsidy that favour the rich more than the poor, the money should be directed to area which have more impact in the lives of average Nigerians.

The more the number of cars you have, the bigger your car and fuel consuming generators, the more your capacity to fuel the cars and generators the more you benefit from subsidy. And it is the rich and upper middle class that falls into this categories.


Cc: Lalasticlala, Obinoscopy, Mynd44

Nice write up
But my deduction we Nigerians subsidise imported fuel they subsidise produced fuel.so their subsidy bill is small compared to ours and less impact to their country Infact that economist was right the UAE shod have no biz subsidising fuel.

Stycon:
Confronting a drop in oil prices and mounting regional turmoil, Saudi Arabia reduced energy subsidies and allocated the biggest part of government spending in next year’s budget to defence and security.

Authorities announced increases to the prices of fuel, electricity and water as part of a plan to restructure subsidies within five years. The government intends to cut spending next year and gradually privatise some state-owned entities and introduce value-added-taxation (VAT) as well as a levy on tobacco.


 ....growing regional unrest, including a war in Yemen, where a Saudi-led coalition is battling pro-Iranian Shiite rebels. In attempting to reduce its reliance on oil, the kingdom is seeking to put an end to the population’s dependence on government handouts, ‎
‎




However, the timing, social, political as well as economical fundamentals are critical in changing policy gear of any nation!

This is the best time for Nigeria to remove subsidy

Everything abt naija get K-leg, highest population with lowest production, at times I am being tempted to join in calling this country a zoo, I kip asking mysef why I came out in this part of the world.

tuale4u:


Nigeria did not trust the govt in 2012 because of massive corruption at that time.

At the time. As if now is better.

erico2k2:

Nice write up
But my deduction we Nigerians subsidise imported fuel they subsidise produced fuel.so their subsidy bill is small compared to ours and less impact to their country Infact that economist was right the UAE shod have no biz subsidising fuel.

D fact that our bill is high d more reason for us to drop subsidy. Subsidy is a recurrent expediture. It has no impact on d future of d country. It is just consumption

modath:


Stop chasing shadows & peddling bad belle opinions..

Nigerians were not against the removal in principle but cos they didn't trust (rightly so) the government to do right by them, we know they are not sincere & will never be judicious with any savings....

By the way "Mr unretarded Solomon of our time" who loves Nigeria more than the next person---- , what happened to the proceeds of the partial removal of subsidy? Lawan & Otedola drama, how far?

Kindly highlight just 2 ways it benefited the average Joes & janes .....

You have till May 29th 2019 to give an answer!!!! Uhhhhhmm!

I'm at lost here plz how does a country remove subsidy partially? ?

Bevista:
There is another fundamental difference between removing subsidy right now and doing so back in 2012, which most people are not thinking about.
---
Back in 2012, subsidy removal would have resulted in an instant increase in pump price of PMS from N67 to N141, whereas any subsidy removal right now will have no immediate effect on pump price of PMS.
---
So, from a psychological standpoint, Nigerians are less likely to resist subsidy removal right now the way they did back in January 2012.

Pray tell, how did you arrive at that bold statement?

cosby02:

You are very right in your analysis as much as we were right to say NO to fuel Subsidy removal then. If i may ask you, what did dey do with the little they gained from the 2012 debacle? During protest, we saw lot of subsidy buses which entered the thin air immediately the protest was over. Am sure they would have shared it thesame way Looter Dasuki and his boys shared money meant for arms. Dont restrict your analysis to your thinking alone.

The buses were deployed to many reputable transport companies through a loan facilitation by the Infrastructure bank.Some transporters got Toyota hiace,others got mercedes Luxurious bues etc.

tuale4u:


D fact that our bill is high d more reason for us to drop subsidy. Subsidy is a recurrent expediture. It has no impact on d future of d country. It is just consumption

How can we remove subsidy when we are not self sufficient? We have to reduce importation by at least %70 then we can talk about removal of subsidy. And if we reduce import by that margin who and from Where do we fill the gap of our daily fuel consumption do the maths and U will see it don't add up.we can never remove it u til we can produce a significant quantity of our domestic needs.

meeklocs:
my own opinion is that the era of oil boom is over. when there was alot of money in oil,countries like saudi arabia and U.A.E invested the money made from oil back into their system, while in Nigeria some individuals decided to embezzle and steal the funds from our own oil boom instead of using that money to develop other sectors. whether oil or no oil saudi and the UAE will be fine oda sectors are working.in nigeria there is fire on the mountain.President Buhari has to make them cough out all this money.

........yes oh, starting with Amaechi who shared $$$$$$$$$$$$$$$ at the APC December 2014 convention so that Buhari can win against Atiku, not so



www.nairaland.com/attachments/3220186_img20151214153014_jpeg944d232242e6cddd1a88b08cafb93b89

scribble:





Dollarization Of The APC Primaries: How Amaehi Vanquished Atiku #saibuhari

The blogosphere was inundated with reports of the excessive sharing of dollars at the All Progressives Congress which took place during the latter part of last week.

One APC supporter and Special Adviser to Osun Governor on Environment, BolaIlori had blown the scandal open after he saw the beginning stages of the dollarization in action.

He took to his Facebook page and scribbled, “Crazy things are happening here!!! Some of these cannot represent the change Nigeria is yearning for. Excessive dollarization by one of the aspirants to is to say the least obscene. I have been involved in political process for decades now, I have never witnessed this volume of raw dollarization of party primaries. I only read about this kind of things in PDP primaries. A question been asked by conscientious delegates is that whoever can be giving out between $2000 to $5000 to…delegates certainly does not represent the kind of change Nigerians want…those who contributed to the pauperization of Nigeria now revel in dollarization… majority of Ondo delegates are still standing with Buhari but have been reduced from 85% to 70% within 24 hours…the remaining has gone with dollars ooo.!!!!!”

One has to wonder how Buhari was able to win the primaries in this era of stomach infrastructure where dollars are like the Biblical manna that God sent down from heaven to nourish the Israelites as they made their way to the promised land.

Sources close to the APC with knowledge of the way the Primaries unfolded have revealed that it was Rivers State Governor, Amaechi who flew back to Rivers State and returned to Lagos on Thursday morning with enough dollars to make Benjamin Franklin blush.

It has been revealed that Atiku offered the delegates $5000 each, but Amaechi doubled it to $10000 a pop. Thus turning the tables in favour of General Buhari.

Since his adventure into the APC, Amaechi has gone out of his way to prove himself a party loyalist, always the first to shoki or azonto at the many events the APC holds, which he himself is usually the chief sponsor.

According to party insiders, Amaechi has overtaken Tinubu as the major financier of the party. One does not need to wonder why he is always at President Jonathan’s throat over misappropriated oil wells or other such business. Anything that diminishes from the State’s coffers will have a ripple effect on his funding budget for the APC.



Joe Francis wrote in from Port Harcourt.


http://www.theheraldng.com/dollarization-apc-primaries-amaehi-vanquished-atiku-saibuhari/

bidemi12:


Pray tell, how did you arrive at that bold statement?

That's to tell U we are dealing with kids here.if not how will a sane person say subsidy would not have effect on pump price?how?I dnt gerrit

anonimi:




www.nairaland.com/attachments/3209654_emmy20151220190316_jpegc47d052d19c3ecab65ee8172a4d0da23



www.nairaland.com/attachments/3191654_1239200310207040029852596885005702579760607n_jpeg655e00798ae6d4674d9087bb4277b198



www.nairaland.com/attachments/3206894_tmp30566fbimg1450529509545914443311_jpeg4c3407a2efe4a93f64218f856abf9b9a



www.nairaland.com/attachments/3217624_screenshot201512221843041_jpeg0bca3f7425a3c05755efcce69260c694

The last picture reversed is true. Silent when Dasuki was arrested, roared when Buhari was mentioned

erico2k2:

That's to tell U we are dealing with kids here.if not how will a sane person say subsidy would not have effect on pump price?how?I dnt gerrit

Lol. It's not really about age. Most Nigerian's have a strange way of reasoning.

tuale4u:


This is the best time for Nigeria to remove subsidy

I'm not contesting that

My concern is the aftermath and the proper investment of these funds in projects that improve lives.

However, I wonder how this product is going to be priced~ are we looking at full deregulation here or government will still give price benchmark, more like getting involved~ "Cos the pricing is another issue

tuale4u:


http://oeronline.com/industries/energy/saudi-arabia-fuel-subsidies-cut-as-crude-revenue-dive.html


Why Nigeria should do the same

United Arab Emirate has an estimated population of 10 Million in 2015
Saudi Arabia has an estimated population of 32 Million in 2015
Nigeria has an estimated population of 170 million in 2015

United Arab Emirate produce an average of 3 million barrel of oil per day
Saudi Arabia produce an average of 10 million barrel of oil per day
Nigeria produce an average of 2.2 million barrel of oil per day.

United Arab Emirate refine 1Million barrel of crude a day(about 80million litres of petrol a day)
Saudi Arabia refine 3million barrel of crude oil a day (about 240million litres of petrol a day)
Nigeria refine 300 thousand (0.3 million) barrel of crude oil a day (about 24million litres of petrol a day)

UAE and Saudi Arabia do not import petrol. Their refinery operate at more than 95% capacity. All their fuel consumption is produce domestically.
Nigeria import 80% of petrol consume in the country because Nigeria refinery find it difficult to operate at 50% capacity. Most times all the petrol consume in Nigeria are imported.

if UAE and Saudi Arabia can not afford subsidy anymore despite producing and refining their petrol in their country, I don't think Nigeria who import almost all the petrol it consume can continue with subsidy.

Nigeria is a country with no infrastructure. Instead of wasting the little money we have on consumption through subsidy that favour the rich more than the poor, the money should be directed to area which have more impact in the lives of average Nigerians.

The more the number of cars you have, the bigger your car and fuel consuming generators, the more your capacity to fuel the cars and generators the more you benefit from subsidy. And it is the rich and upper middle class that falls into this categories.


Cc: Lalasticlala, Obinoscopy, Mynd44

GEJ 's point of view in 2013 that was scuttled by the opposition.

we are 3years late.

Stycon:



I'm not contesting that

My concern is the aftermath and the proper investment of these funds in projects that improve lives.

However, I wonder how this product is going to be priced~ are we looking at full deregulation here or government will still give price benchmark, more like getting involved~ "Cos the pricing is another issue

And have you asked yourself where we are going to get products from if and when subsidy is removed? ?

Since Nigerians are not on the streets protesting the planned removal of fuel subsidy, I guess they're now smart enough to realize the advantage....poor Jonathan

stzy:
Its funny ... U can find all d reasons u want 2 support subsidy removal bt d fact remains that APC was against it solely on d ground of higher fuel pump price n Nigerians can't afford dat n d same still stands nw.. I dnt trust dis govrnment so let's enjoy our subsidy since we fell inlove. With it in 2012

I just taya for people wey no fit think. .
Can you compare our finance minister last administration to what we have now ? Make people keep quiet joor.

modath:


Stop chasing shadows & peddling bad belle opinions..

Nigerians were not against the removal in principle but cos they didn't trust (rightly so) the government to do right by them, we know they are not sincere & will never be judicious with any savings....

By the way "Mr unretarded Solomon of our time" who loves Nigeria more than the next person---- , what happened to the proceeds of the partial removal of subsidy? Lawan & Otedola drama, how far?

Kindly highlight just 2 ways it benefited the average Joes & janes .....

You have till May 29th 2019 to give an answer!!!! Uhhhhhmm!

I was of the impression the slogan then was "remove corruption not subsidy". What about that?. Does it mean the anti-corruption messiah can't even fight corruption in the sector he's a minister?.

GogobiriLalas:
Since Nigerians are not on the streets protesting the planned removal of fuel subsidy, I guess they're now smart enough to realize the advantage....poor Jonathan

Aha do they? Do you?

erico2k2:

And have you asked yourself where we are going to get products from if and when subsidy is removed? ?

Do you mean "we" as in individual consumer unit or "We" as in nation~aggregate demand "Cos the last time I checked the international market for the supply of this finished product is not closed

Ofcourse, I understand that removal of subsidy might tell on the citizen's purchasing power in the long term.

chyket:
The buses were deployed to many reputable transport companies through a loan facilitation by the Infrastructure bank.Some transporters got Toyota hiace,others got mercedes Luxurious bues etc.

In as much as i wont like to dabble into an argument as to whether you are stating the true position of things. I will love to just ask you if what you highlighted is in tandem with the intent and purpose for which the buses were bought?

Modath abeg leave matter for Mathias you can't educate the world's unintelligent. Only those who have a learning spirit can learn. You have said your bit and the wiser ones know you have said the truth and you have a good head on your shoulders. The empty drums will make lots of noise and curse at people. It doesn't change anything.

NoMoreTrolling:
Before naija progresses ehn, chai!!!

See pple saying that they voted for subsidy during GEJs time, cause he was corrupt

Meeeeeeeen

That's my naija for u though, filled with hypocrites.

U can't be a hypocrite and be expecting progress simultaneously

Your moniker and your comment, I no know which one I love pass ..

tswitch:
[s]When a globally celebrated and accomplished economist was part of the team that told Nigerians it was time to do the same, some r◇tarded carcasses matched to Freedom Park in Ojota to show the learned and international community their folly.

A wasted opportunity to totally diversify the Nigerian economy and make it bigger than it's 2015 status of the biggest economy in Africa.

Now the zombies are back in power cheered on by their gullible supporters here to finally waste the nation they had no part in building.

The portions of all enemies of Nigeria in the Lake of Fire await them![

Olodo, back then the oil price was high which means we were to pay much higher(160 per litter) than we will now that the oil price has dropped. Moreover who waants to give his money to a careless drunkard who believes it is okay to steal?

Tonyebarcanista knows more. You can consult him and stop embarrassing yourself on topics that are on fp

musKeeto:

The reason for the march wasn't an economic one. GEJ's administration gaffed on the presentation and implementation like it did on so many national issues. The citizens didn't trust the government, and recent revelations about the widespread corruption in his administration have proved us right.
Remember, there was partial shbsidy implementation.What was the money saved used for?

The earlier PDP apologists realise that the Umbrella, and the Broom, are not bigger than Nigeria, the better.

Don't mind him they are all partial illiterates.