₦airaland Forum

Awoo88:
JEG tried to kill this monster, tinubu, El rufia, buhari, even FFK etc all join hand, hire musicians, provided transport to the part. And lunch. Nigerians cheered on. Buhari came, increased the pump price to what JEG wanted without subsidy, and still paying more than Jonathan ever paid. Nigerians are their biggest problem.

greatiyk4u:
Where was Nigeria mentioned in the article?

The same poor that complain of buying at 147, how will buying at 250 help them?

Glorylynn:
Bro it’s actually true,the government should stop paying subsidy in Nigeria on fossil fuel and channel the money being paid on subsidy on infrastructural development and provision of employment NB:if only they will not embezzle the money.this way the government will achieve 2 basic things
1)reduction in environmental pollution and warming of the green house by reducing the number of cars,people can always take public transports which the government will provide in each cities with the funds which is meant to be paid on subsidy,or people can as well settle for car pooling I.e 3-4 people that works in the same area or move in the same direction leave there cars and use just one car and rotate it this way.

2)the government will have more money to provide social amenities.

THAINK YOU

greatiyk4u:
Where was Nigeria mentioned in the article?

The same poor that complain of buying at 147, how will buying at 250 help them?

iammo:
you buy cement at the rate the producer fixes . goverment isnt a charitable organisation of pity party

TSRC:
Then stop painting dangote as an alternative.

Aside from jobs created by the refinery, the Nigerian people would still be paying very high.

wirinet:
The greatest advantage is that we would not need dollars to import petrol anymore, so no subsidies and the price can be stable.

TSRC:
Then stop painting dangote as an alternative.

Aside from jobs created by the refinery, the Nigerian people would still be paying very high.

tactius:
How fuel subsidies cheat the poor

1. Subsidies prevent companies from making decent profits. As a result, fresh investment does not come in, job creation gets stifled.
Poor affected.

2.Millions is spent on feeding subsidy cabals rather than projects for the poor.

3 Lack of investment means that no new refineries can be built which means that prices stay high and importation continues, wasting more money that could have been used for projects that would benefit the poor.

4. Nigeria gets into debt sustaining subsidy, which worsens our bad economy.


When GSM came, there were no price controls. GSM companies charged high prices for SIM cards, meanwhile service was poor. They took their money, invested it in new facilities, prices came down.

Remove price controls. Starve the corruption in NNPC. Starve the subsidy cabals. Allow profits to be made. Then sit back and watch as investors flow in, build more refineries without government paying a dime, and prices fall, more jobs get created and money saved is used for better things.

Subsidy has to go. Since 1993.

Promisebet7:
[color=#990000][/color]see below it

iammo:
Dangote is the best alternative..... remove subsidy and watch inflation skyrocket, support Dangote and watch price crash and goverment save scarce forex

EVarn:
The world Bank should go and sit down,and stop making unnecessary noise. They should tackle countries like China and the US that produce huge emissions of greenhouse gases. If the government totally removes subsidy on petroleum products,the price of petrol,diesel,kerosene and even gas will double. Price of commodities will hike due to the fact that most companies run on generators, even services like public transport fares will double. So, how is subsidy not helping the poor?,is it people that can barely afford N147 per litre of fuel that will now happily buy it at N450?.

Wiseandtrue:
Which of Buhari's policies is helpful to the poor

TSRC:
I don't support subsidy removal. I don't think the buhari government can handle the economic consequences for Nigerians.

But at the same time, dangote alone is not an alternative.
He is a capitalist and unless we have a stream of competitive investors building their own refineries before dangote gets a chance to dictate the entire value chain, Nigerians are fuccked.
Nigeria pay one of the highest prices for cement in the world, despite having so much limestone. That is because of dangote.

The major advantage in dangote is that he has blazed the trail for the private sector to take over.

iammo:
i understand your concern.. but modular refinery are been licensed all around SouthSouth with CBN and Customs giving assistance and incentives

sykeng:
we are doomed in this country, politicians will still find a way to embezzle the money even when subsidy is removed

“Strong evidence shows that a lot of countries put subsidy on fossil fuels, and these subsidies are insufficient to support the poor. They aggravate resources consumption, pollution and greenhouse gas. Globally, subsidies on fossil fuels are huge,”