Bimpeusman:
There is immediate no plan to remove fuel subsidy, the Minister of Finance, Mrs. Zainab Ahmed has re-assured.

Ahmed spoke, Sunday, at a press briefing she, Minister of National Planning, Sen. Udoma Udoma and the Governor of the Central Bank of Nigeria, (CBN), Mr. Godwin Emediele jointly addressed at the on-going IMF/World Bank Spring Meetings in Washington DC.

According to her, “There is no imminent plan to remove fuel subsidy.

https://all-gists..com/2019/04/No-Plan-To-Remove-Subsidy-Now-Federal-Government-Insists.html?m=1

Bimpeusman:
There is immediate no plan to remove fuel subsidy, the Minister of Finance, Mrs. Zainab Ahmed has re-assured.


According to her, “There is no imminent plan to remove fuel subsidy.

https://all-gists..com/2019/04/No-Plan-To-Remove-Subsidy-Now-Federal-Government-Insists.html?m=1

You mean There is no imminent plan to remove fuel subsidy AGAIN

Because you can't tell me you have not remove fuel subsidy after selling for N145 as against N87 APC met on board!!!

We are no fools!!!

harkandey:
i pray they don't remove it o

gcof:
well removing it will benefit Nigerians on the long run but it will take an honest government to remove it because the kind of money both government officials and petroleum marketers rake in through this subsidy no be here

MikeBetty:
Do We Still Have Subsidy In Nigeria? APC Is Pure Scam And Led The Most Corrupt Govt In Nigeria. We Were Told That There Is Nothing Like Fuel Subsidy In Nigeria. After Jerking Petrol Price From #89 To #145 In The Name Of Subsidy Removal We Are Still Hearing Subsidy Removal. Apc E No Go Better For Una.

mescan:
Your mumu don do,
they remove subsidy and increase fuel, the masses pays for the politicians big life style. What is the govt doing for u as a citizen. Wake up ndb reasonable.

gcof:
well removing it will benefit Nigerians on the long run but it will take an honest government to remove it because the kind of money both government officials and petroleum marketers rake in through this subsidy no be here

Wiseandtrue:

You mean There is no imminent plan to remove fuel subsidy AGAIN

Because you can't tell me you have not remove fuel subsidy after selling for N145 as against N87 APC met on board!!!

We are no fools!!!

tactius:


The thing is, with subsidy gone...petroleum marketers would make heftier profits, and would even have enough to reinvest in making more profits.

The problem is, subsides are often times the most visible thing a government has done.And the long term benefits of removing subsidy take time to manifest.

Take GSM. GSM was not subsidised from the word go. We were paying over N10000 for SIM , and the service was bad. (At one point one could not call inbetween networks, then you could, but at high costs.). It took about five years before we saw the benefits of GSM not being subsidsed....better service, superfast internet, SIM now costing N500 and so on.

Oil. Nigerians don't want to pay high prices. That is why people like me who support subidy removal are the 'enemy'...we want to take away a benefit. And even though this benefit is coming at a huge cost to our economy and fueling corruption(NNPC can in essence just inflate any sum, and claim it is for subsidy...and even justify it by claiming the market is volatile)..people would rather suffer the corruption than pay N250 and above for fuel.