₦airaland Forum

Ok

MabraO:
Mehn that was k.o to the wailers U a bad azz

What is ko?

TonyeBarcanista:
normalized as in how? you mean the suffering is now official?
I am not really against subsidy but against failure to provide palliative

price of commodity and transport stil remain the same since the annoncement in benin, maybe other state may be different. meanwhile- the palliative is in the budget,

Jesusloveyou:
price of commodity and transport stil remain the same since the annoncement in benin, maybe other state may be different. meanwhile- the palliative is in the budget,

That's why I said the suffering has been made official

TonyeBarcanista:
That's why I said the suffering has been made official

so what is this write-up all about. so u want the suffering to continue until fg provide palliative? u want the long queue to continue until the budget wil be implemented, as budget money wil be release next wk, which wil cushion the suffering. meanwhile when u were buying fuel @200-250naira were u enjoying it, u wil stil hold ur money and u cant see the product to buy. so u want subsidy reverse whil
https://www.nairaland.com/politics

Reports from many states across Nigeria do not indicate a more than double % rise in transport.

Looks like the proposed NLC strike will dislocate things.

otr1:
Since the announcement of the subsidy removal, everything has normalized.
But I recommend a 40% increase in wages for public servants from levels 1-6.

What has normalize abeg.

When fuel from for 200-250: transport increased from 200 to 350
Fuel subsidy removed, now 145: transport increase from 350 to 500.
What has normalize abeg

otokx:
Reports from many states across Nigeria do not indicate a more than double % rise in transport.

Looks like the proposed NLC strike will dislocate things.

Weting abeg.

Rice now 18000-20000, ofada rice now 450 per kg
Tomato 3 pieces now 200

Jesusloveyou:
so what is this write-up all about. so u want the suffering to continue until fg provide palliative? u want the long queue to continue until the budget wil be implemented, as budget money wil be release next wk, which wil cushion the suffering. meanwhile when u were buying fuel @200-250naira were u enjoying it, u wil stil hold ur money and u cant see the product to buy. so u want subsidy reverse whil
https://www.nairaland.com/politics

Here is a goverment that even still went ahead to provide immediate palliative for fuel subsidy? Where is PMB speech about this.....

NATIONAL BROADCAST BY PRESIDENT GOODLUCK EBELE JONATHAN, GCFR, ON THE DEREGULATION OF THE DOWNSTREAM PETROLEUM SECTOR SATURDAY, JANUARY 7, 2012 ___________________________________________

Dear Compatriots,

1. A week ago, I had cause to address Nigerians on the security challenges we are facing in parts of the country, which necessitated the declaration of a state of emergency in 15 Local Government Areas in four states of the Federation. That course of action attracted widespread support and a demonstration of understanding. With that declaration, government had again signaled its intention to combat terrorism with renewed vigour and to assure every Nigerian of safety.

2. The support that we have received in the fight against terrorism from concerned Nigerians at home and abroad has been remarkable. We believe that it is with such continued support that progress can be made on national issues. Let me express my heartfelt appreciation to everyone who has expressed a commitment to support us as we strive to improve on the country’s security situation, and build a stronger foundation for the future. The recent mindless acts of violence in Gombe, Potiskum, Jimeta-Yola and Mubi are unfortunate. I urge all Nigerians to eschew bitterness and acrimony and live together in harmony and peace. Wherever there is any threat to public peace, our security agencies will enforce the law, without fear or favour.

3. This evening, I address you, again, with much concern over an issue that borders on the national economy, the oil industry and national progress. As part of our efforts to transform the economy and guarantee prosperity for all Nigerians, Government, a few days ago, announced further deregulation of the downstream petroleum sector. The immediate effect of this has been the removal of the subsidy on petrol.

4. Since the announcement, there have been mixed reactions to the policy. Let me seize this opportunity to assure all Nigerians that I feel the pain that you all feel. I personally feel pained to see the sharp increase in transport fares and the prices of goods and services. I share the anguish of all persons who had travelled out of their stations, who had to pay more on the return leg of their journeys.

5. If I were not here to lead the process of national renewal, if I were in your shoes at this moment, I probably would have reacted in the same manner as some of our compatriots, or hold the same critical views about government. But I need to use this opportunity as your President to address Nigerians on the realities on the ground, and why we chose to act as we did. I know that these are not easy times. But tough choices have to be made to safeguard the economy and our collective survival as a nation. resident Jonathan during the budget presentation to the joint session of the National Assembly.

6. My fellow Nigerians, the truth is that we are all faced with two basic choices with regard to the management of the downstream petroleum sector: either we deregulate and survive economically, or we continue with a subsidy regime that will continue to undermine our economy and potential for growth, and face serious consequences

. 7. As you all know, the subject of deregulation is not new, we have been grappling with it for more than two decades. Previous administrations tinkered with the pump price of petroleum products, and were unable to effect complete deregulation of the downstream sector. This approach has not worked. If it did, we would not be here talking about deregulation today. I understand fully well that deregulation is not a magic formula that will address every economic challenge, but it provides a good entry point for transforming the economy, and for ensuring transparency and competitiveness in the oil industry, which is the mainstay of our economy.

8. As a President, elected and supported by ordinary Nigerians, and the vast majority of our people, I have a duty to bring up policies and programmes that will grow the economy and bring about greater benefits for the people. Let me assure you that as your President, I have no intention to inflict pain on Nigerians.

9. The deregulation of the petroleum sector is a necessary step that we had to take. Should we continue to do things the same way, and face more serious economic challenges? Or deregulate, endure the initial discomfort and reap better benefits later? I want to assure every Nigerian that whatever pain you may feel at the moment, will be temporary

. 10. The interest of the ordinary people of this country will always remain topmost in my priorities as a leader. I remain passionately committed to achieving significant and enduring improvements in our economy that will lead to sustained improvement in the lives of our people.

11. I am determined to leave behind a better Nigeria, that we all can be proud of. To do so, I must make sure that we have the resources and the means to grow our economy to be resilient, and to sustain improved livelihood for our people. We must act in the public interest, no matter how tough, for the pains of today cannot be compared to the benefits of tomorrow. On assumption of office as President, I swore to an oath to always act in the best interest of the people. I remain faithful to that undertaking.

12. To save Nigeria, we must all be prepared to make sacrifices. On the part of Government, we are taking several measures aimed at cutting the size and cost of governance, including on-going and continuous effort to reduce the size of our recurrent expenditure and increase capital spending. In this regard, I have directed that overseas travels by all political office holders, including the President, should be reduced to the barest minimum. The size of delegations on foreign trips will also be drastically reduced; only trips that are absolutely necessary will be approved.

13. For the year 2012, the basic salaries of all political office holders in the Executive arm of government will be reduced by 25%. Government is also currently reviewing the number of committees, commissions and parastatals with overlapping responsibilities. The Report on this will be submitted shortly and the recommendations will be promptly implemented. In the meantime, all Ministries, Departments and Agencies must reduce their overhead expenses.

14. We are all greatly concerned about the issue of corruption. The deregulation policy is the strongest measure to tackle this challenge in the downstream sector. In addition, government is taking other steps to further sanitize the oil industry.

15. To ensure that the funds from petroleum subsidy removal are spent prudently on projects that will build a greater Nigeria, I have established a committee to oversee the implementation of the Subsidy Reinvestment and Empowerment Programme. I sincerely believe that the reinvestment of the petroleum subsidy funds, to ensure improvement in national infrastructure, power supply, transportation, irrigation and agriculture, education, healthcare, and other social services, is in the best interest of our people

. 16. Fellow Nigerians, I know that the removal of the petroleum subsidy imposes an initial burden on our people, especially the rising cost of transportation. Government will be vigilant and act decisively to curb the excesses of those that want to exploit the current situation for selfish gains. I plead for the understanding of all Nigerians. I appeal to our youth not to allow mischief-makers to exploit present circumstances to mislead or incite them to disturb public peace.

17. To address the immediate challenges that have been identified, I have directed all Ministries, Departments and Agencies of government to embark immediately on all projects which have been designed to cushion the impact of the subsidy removal in the short, medium and long-term, as outlined in the Subsidy Reinvestment and Empowerment Programme Document.

18. Tomorrow, 8th January, I will formally launch a robust mass transit intervention programme to bring down the cost of transportation across the country. The programme will be implemented in partnership with state and local governments, labour unions, transport owners, and banking institutions, and supported with the provision of funding at zero interest rate as well as import duty waiver on all needed parts for locally-made mass transit vehicles, which will create additional jobs in the economy.

19. We will keep these incentives in place for as long as it takes. I want to assure you that Government will not rest until we bring down the cost of transportation for our people. Let me thank the transporters’ associations that have agreed to reduce transport fares. I have directed the Minister of Labour and Productivity to work with these associations to come up with a sustainable plan to guarantee this within the shortest possible time

. 20. In addition, I have ordered the mobilization of contractors for the full rehabilitation of the Port Harcourt –Maiduguri Railway Line and the completion of the Lagos-Kano Railway Line. I have also directed the immediate commencement of a Public Works programme that will engage the services of about 10, 000 youths in every state of the Federation and the Federal Capital Territory. This will create an additional 370, 000 jobs.

21. Government has taken these decisions in the best interest of our economy, so that we not only have benefits today, but to ensure that we bequeath even greater benefits to our children and grandchildren.

22. Let me assure Nigerians that every possible effort will be made to ensure that we march forward, with a collective resolve to build a Nigeria that can generate greater economic growth, create and sustain new jobs, and secure the future of our children.

23. This Administration will aggressively implement its programme to reposition and strengthen our economy, while paying adequate attention to the immediate needs of our citizens

. 24. I assure you all that we will work towards achieving full domestic refining of petroleum products with the attendant benefits.

25. As I ask for the full understanding of all Nigerians, I also promise that I will keep my word.
26. Thank you. May God bless you; and may God bless the Federal Republic of Nigeria. Goodluck Ebele Jonathan, GCFR President Federal Republic of Nigeria January 7, 2012

Read more at: http://www.vanguardngr.com/2012/01/subsidy-removal-read-text-of-president-jonathans-broadcast/

Stalwert:
The confused op has started again. .. when jona thieving loving regime pack all the money dey dash cabal N1Trillion where unah dey? the government should provide palliatives but shouldn't that be the role of states?

Firstly, why Shift FG responsibility to states? states can augment FG but they also have their programs. if the authorities don't see need for palliative measures then they have no business removing the subsidy.




What concerns Jonathan here?

TonyeBarcanista:
Firstly, why Shift FG responsibility to states? states can augment FG but they also have their programs. if the authorities don't see need for palliative measures then they have no business removing the subsidy.




What concerns Jonathan here?

Bros are you sure there is any removal of subsidy
Have you seen this??

http://www.vanguardngr.com/2016/05/fuel-price-hike-fg-not-removed-subsidy-says-vp-osinabjo/

DebateNigeria:
Bros are you sure there is any removal of subsidy
Have you seen this??

http://www.vanguardngr.com/2016/05/fuel-price-hike-fg-not-removed-subsidy-says-vp-osinabjo/

The nomenclature is not the point, the effect is the issue boss.

All these Igbos opening threads inorder to criticize buhari.. Smh

otokx:
Let me play the devil advocate.

The FG palliative is putting a ceiling of 145 per litre as the maximum price.

Petrol stations with old stock immediately started selling 145 per litre. None of them considered their brother the common man.

If FG did not put a ceiling, some stations are ready to sell at 200 naira per litre and even now some sell above the 145 per litre.

Those stations selling above 145 are not owned by FG but by Nigerians who are inflicting wicked hardship on the masses.

Nigeria is bigger than Abuja and Lagos which in reality where the places that fuel was being sold for 86.50.

Suggested way forward to be said later.

Also note that FG has several million litres of petrol stored up in depot/tank farms and these stock has been fully Paid and booked by marketers eagerly waiting to take delivery and all of a sudden they increased the price by almost 70% with a directive to marketers to pay up the margin, where else do you think these marketers will get the money from. Note that these stocks has be fully paid for since over 2months.

redcap:
Also note that FG has several million litres of petrol stored up in depot/tank farms and these stock has been fully Paid and booked by marketers eagerly waiting to take delivery and all of a sudden they increased the price by almost 70% with a directive any marketer has paid should pay up the margin, where else do you think the marketers will get the money from. Note that these stocks has be fully paid for since over 2months.

If you investigate very well you may be shocked to realise that the stocks on sale for N145 are those already taken care of by subsidy.

TonyeBarcanista:
If you investigate very well you may be shocked to realise that the stocks on sale for N145 are those already taken care of by subsidy.

That's very certain, every business person knows that whenever there's an increase in price of a commodity from source the first thing you do it to reflect the same increment on ur available stock so that when next you order you won't fall below the MOQ, simple!

The FG must definitely increase workers wage and provide other palliatives that will reduce the burden on the populace. This is what organized labour should be fighting and not the useless protest against subsidy removal.

hmmmm

OP, Palliatives are coming my friend.
Stop writing just to show off.
There is almost 500 billion SIP they are going to disburse to people actively looking for work or learning a trade. Minimum wage might go up to 25k

Is it?

"Removing fuel subsidy is like unleashing hardship on the people... " - Bola Tinubu, 2012.

"Removing fuel subsidy is a wise decision...." - Bola Tinubu, 2016.

May God forgive Tinubu!
#Heartbreak

tempest01:
Get lost if you've not been here long enough to know masters arising

like seriously

The words of the Kaduna midget in when the past administration attempted removal of Fuel subsidy. Thank God for Google.

"As I said, the issue is one of trust. If another government was in power, let us assume General Buhari was the President of Nigeria, he would not withdraw the subsidy. He will fix the problem. He will audit who is taking the money in the subsidy, who is paying what, how the money multiply three times in one year and fish out the thieves and deal with them".

So, why do you think Jonathan lacks the political will to deal with them?

"Because they financed his election. But Buhari would have sorted that out. That is the first thing to do. Now, while you are paying the subsidy, even one quarter of what you are paying is a lot. General Buhari's administration would have ensured that within 12 months all the refineries are working at full capacity. His administration would have built the fourth refinery that will bring our domestic production to the point that we don't need to import a single drop of petrol. And once we can produce our petrol from our own crude oil, at out own cost, we can sell it at any price we like. That is what Buhari's government would have done. Nigerians made a very big mistake for not electing Buhari, and they are learning every day. Many people have told me that they voted for Jonathan and they are regretting it now. There is no question of Buhari withdrawing subsidy because he has been Petroleum Minister, Chairman of Petroleum Trust Fund (PTF) and so on. He built three out of the four refineries we have in this country. And he built that out of patriotism to ensure that we can produce domestically. So, the question of withdrawing subsidy would not even be on the table." -(El-rufai 2011)

Oga don win, story dn change. #Internet_no_dey_forget!!!

Omenka, Modath, Ngenkwenu and cronies come ****

manutdrichie:
like seriously

If you are not brainy enough to deduce the right word to correct the typo, get lost too....you guys should leave my mentions for better engagements.

Built2last:
Below is my earlier submission on this subsidy removal

It's not as though Nigerians do not know that fuel subsidy is long over due for removal but certain things have to be in place to cushion the effect.

First the president has to come clean and lead by example.
He has to do the following

Get the 4 refineries optimally running

Sell off 8 of the 11 presidential jets hanging at Abuja airpot and tell us what the money will be used for.

Increase tax on the rich. Like property tax. Own more than one property and pay heavy tax on the rest.

Get our rail ways up and running to ease transportation

Deploys policies that will check inflation.

Increase the minimum wage to atleast 50k

Call labour for negotiation afterwards and make public every deliberation.

The masses will support you.

This English you typed here op will not make sense to Nigerians next week bearing in mind that commodity prices will skyrocket without a corresponding increase in income of the people.

Taxi from Garki to Wuse in abuja that used to be 400 naira is now 800 naira.

A bag of rice I was told went to 25k from 15k yesterday.

A basket of tomato is 27k in Kano state today. That's where it's produced.

For your information, what the government did was price modulation to knock off subsidy payment by government. They have simply told the masses to pay. The petroleum sector was not deregulated. If you deregulate, you don't determine prices and so the government can not fix 145 naira. When you deregulate, you leave pricing to market competitors. Shell, Texaco, Chevron, Asda in UK, many other giants will move in to compete. They fix their prices and the masses can choose what price is most suitable for them. A good example is the telcom sector that was fully deregulated. Did you ever here the government telling MTN, Econet or Gloss how much to fix sim cards or charges on call? Because in a deregulated sector every manufacturer charges
based on the factors and modes of production.

For every cause there is an effect.

Any leader who puts his people first thinks of the immediate impact of his policies on the people and commodity prices.

I am #Built2last and I just want to correct paradigms

you are fantasticaly on point

Built2last:
Below is my earlier submission on this subsidy removal

It's not as though Nigerians do not know that fuel subsidy is long over due for removal but certain things have to be in place to cushion the effect.

First the president has to come clean and lead by example.
He has to do the following

Get the 4 refineries optimally running

Sell off 8 of the 11 presidential jets hanging at Abuja airpot and tell us what the money will be used for.

Increase tax on the rich. Like property tax. Own more than one property and pay heavy tax on the rest.

Get our rail ways up and running to ease transportation

Deploys policies that will check inflation.

Increase the minimum wage to atleast 50k

Call labour for negotiation afterwards and make public every deliberation.

The masses will support you.

This English you typed here op will not make sense to Nigerians next week bearing in mind that commodity prices will skyrocket without a corresponding increase in income of the people.

Taxi from Garki to Wuse in abuja that used to be 400 naira is now 800 naira.

A bag of rice I was told went to 25k from 15k yesterday.

A basket of tomato is 27k in Kano state today. That's where it's produced.

For your information, what the government did was price modulation to knock off subsidy payment by government. They have simply told the masses to pay. The petroleum sector was not deregulated. If you deregulate, you don't determine prices and so the government can not fix 145 naira. When you deregulate, you leave pricing to market competitors. Shell, Texaco, Chevron, Asda in UK, many other giants will move in to compete. They fix their prices and the masses can choose what price is most suitable for them. A good example is the telcom sector that was fully deregulated. Did you ever here the government telling MTN, Econet or Gloss how much to fix sim cards or charges on call? Because in a deregulated sector every manufacturer charges
based on the factors and modes of production.

For every cause there is an effect.

Any leader who puts his people first thinks of the immediate impact of his policies on the people and commodity prices.

I am #Built2last and I just want to correct paradigms

you get sense pass Barcanistar

hungryboy:
I criticised Jonathan, i wasn't a fan of his rule,
But all of a sudden,
Buhari comes in, and makes Goodluck look like the Messiah.

how did the ineffectual buffoon look like a messiah to u ipod? in a sane country, this ur ineffectual buffoon messiah should be stone to death

Dis sAme pransporter had bn buyin fuel at 200 nd 250 nd in some places more! We shouldn't be expecting hike in fares cos it has bn jiked already.wat we need now is fuel at dis rate made availabLe all ova.I noticed even d queues have reduced since yesterday.Those sleeping at nnpc megastation to buy nd hoard are no longer there.let all sell at d same price nd there will be no queue again or scarcity nddefinitely no hike in fare

Built2last:
Below is my earlier submission on this subsidy removal

It's not as though Nigerians do not know that fuel subsidy is long over due for removal but certain things have to be in place to cushion the effect.

First the president has to come clean and lead by example.
He has to do the following

Get the 4 refineries optimally running

Sell off 8 of the 11 presidential jets hanging at Abuja airpot and tell us what the money will be used for.

Increase tax on the rich. Like property tax. Own more than one property and pay heavy tax on the rest.

Get our rail ways up and running to ease transportation

Deploys policies that will check inflation.

Increase the minimum wage to atleast 50k

Call labour for negotiation afterwards and make public every deliberation.

The masses will support you.

This English you typed here op will not make sense to Nigerians next week bearing in mind that commodity prices will skyrocket without a corresponding increase in income of the people.

Taxi from Garki to Wuse in abuja that used to be 400 naira is now 800 naira.

A bag of rice I was told went to 25k from 15k yesterday.

A basket of tomato is 27k in Kano state today. That's where it's produced.

For your information, what the government did was price modulation to knock off subsidy payment by government. They have simply told the masses to pay. The petroleum sector was not deregulated. If you deregulate, you don't determine prices and so the government can not fix 145 naira. When you deregulate, you leave pricing to market competitors. Shell, Texaco, Chevron, Asda in UK, many other giants will move in to compete. They fix their prices and the masses can choose what price is most suitable for them. A good example is the telcom sector that was fully deregulated. Did you ever here the government telling MTN, Econet or Gloss how much to fix sim cards or charges on call? Because in a deregulated sector every manufacturer charges
based on the factors and modes of production.

For every cause there is an effect.

Any leader who puts his people first thinks of the immediate impact of his policies on the people and commodity prices.

I am #Built2last and I just want to correct paradigms

Ahh aaahhh! Chhairman all these can't be done overnight, it'll take alotta time yu know nd coupled with the lingering economy nd pipeline vandalism here nd there it'll take a miracle for these things yu mentioned to happen tho I don't mean that it can't be done. It is realistic buuh in the long run

Omokunlex:
All these Igbos opening threads inorder to criticize buhari.. Smh

why are u guys like this, because you have somebody paying your bills now hence immune from the hardship that may be occasioned by this doesn't mean you should be insensitive to the plight of others, in other climes govt provides some form of subsidy to their citizens depending on where it will have desire impact because the welfare and security of citizens is the primary purpose of govt, what has govt done for Nigerians and you guys behave as if the people don't deserve any good thing from government, and buhari interest is paramount,with this arrangement the price is not likely to stay too long at 145 because any rise in international price will occasion additional increase, think about the kind of inflation that will occur, the pressure on forex demand will also increase the price of the dollar add all this together and picture the effect.where is your humanity