What does it take this govt to restore the nations refinery You keep borrowing and borrowing and borrowing, nothing to show. I did not know subsidy, no more subsidy, yet subsidy has been given different names, deception of the highest order. How will you be remembered?? Mr. President??

kikero:


If government removes subsidy for real, the price of fuel would be above 300 naira per liter.

That's why they don't want to remove it. Too politically expensive.

But since subsidy is associated with corruption it is better to lie that it has gone, than to tell the truth

Only time subsidy goes is when the crude oil price is too low for it to make sense, like what happened recently

All of u that always have something to say unbehalf of this goverment.... please what happened when we buhari came in and we started buying fuel at 145 from 87... what was removed at that time...??
Don’t forget when Jonathan said he wants to remove subsidy that by projections Nigeria will by fuel for 135..... what did this same buhari and APC did... they staged one of the biggest protest and said it was propaganda, that there was nothing like subsidy......
U people never talk about this things.... u will just come and be saying a revised standard version every time

GamalNasser:
Buhari will ruin NIGERIANS

He has already done that.

Remember that the devil came to steal and destroy. When you swear oat with demons for political my dear na steal them come to steal o.... Enjoy... Nigerians please put on your armor the armor of God

1StopRudeness:


All of u that always have something to say unbehalf of this goverment.... please what happened when we buhari came in and we started buying fuel at 145 from 87... what was removed at that time...??
Don’t forget when Jonathan said he wants to remove subsidy that by projections Nigeria will by fuel for 135..... what did this same buhari and APC did... they staged one of the biggest protest and said it was propaganda, that there was nothing like subsidy......
U people never talk about this things.... u will just come and be saying a revised standard version every time

power

GboyegaD:
This government must sha find avenue to steal. Upon all the COVID and borrowing funds, dem still need more to steal.

Wiseandtrue:
if you are surprised, na you sabi

What's confusing about it

This government was never transparent!!! Their foundation was built on lies and shamelessness

Them no even send! You will still see some zombies robots here defending their shamelessness

All these joke of governance is on them
Modified:

The same old stories!!!

GEJ wanted to remove subsidy APC staged protest everywhere claiming that there's no subsidy

Then it was sold for N87

Now, they came in, the first thing they did "the party of progressives" was to remove the subsidy and fuel now sells for N145

So which subsidy are they talking about again

Do they think we are foolish or what

Mtcheeeeeew

The only truth now is that we have been scammed by APC!!!

U will not die young jare.... all this people creating excuses for the goverment is like they are paying them to come to nairaland.....

Jonathan will be laughing at us right now.....

I remeber very well how buhari and them Tinubu staged one of the biggest protest and called subsidy a pro agenda.....

When oil is at its cheapest

Na so so steal steal and lie lie

kikero:
What's the confusion

So long as government controls or sets the price of fuel there is a subsidy in existence.

For subsidy to be no longer on existence, it would be the marketers and fuel depot owners that would be setting the price instead of NNPC

Note. Anyone who abuses me will be reported to the moderators immediately.

I expect you to disagree with me. But don't use intemperate language doing so. You can be civil in your speech.

Thank you. You are free to disagree with me. But no abuse please

below...why subsidy underrecovery has to GO...

oga face the issue,let buhari close border against importation of petroleum products so we can look inward it will be more beneficial than closing borders against rice which consume far less foreign exchange than petroleum products importation
It be cheaper and provide more jobs
So stop this your wrong argument.

kikero:


If government removes subsidy for real, the price of fuel would be above 300 naira per liter.

That's why they don't want to remove it. Too politically expensive.

But since subsidy is associated with corruption it is better to lie that it has gone, than to tell the truth

Only time subsidy goes is when the crude oil price is too low for it to make sense, like what happened recently

did u drop this nonsense during the previous administration? If you did please show me receipt?

kikero:
What's the confusion

So long as government controls or sets the price of fuel there is a subsidy in existence.

For subsidy to be no longer on existence, it would be the marketers and fuel depot owners that would be setting the price instead of NNPC

Note. Anyone who abuses me will be reported to the moderators immediately.

I expect you to disagree with me. But don't use intemperate language doing so. You can be civil in your speech.

Thank you. You are free to disagree with me. But no abuse please

below...why subsidy underrecovery has to GO...

Mr genius.... u know how to explain.... wonderful.
Explain to us what buhari said he removed when he came in and we started buying fuel for 145 from 87......
Don’t forget this same buhari called Jonathan a fraud with the biggest protest ever when Jonathan said he’ll remove subsidy and by projections Nigerians will buy fuel for 135....

kikero:


If government removes subsidy for real, the price of fuel would be above 300 naira per liter.

That's why they don't want to remove it. Too politically expensive.

But since subsidy is associated with corruption it is better to lie that it has gone, than to tell the truth

Only time subsidy goes is when the crude oil price is too low for it to make sense, like what happened recently

let me ask you a question... Take Lagos as a case study. with the current price of transportation if the fuel price goes to #300/litre, how many will be able to pay the transport fares and how companies or businesses can afford the due salaries to that effect

The minister of petroleum is a very corrupt. Dezieani is a saint where the present minister petroleum is.

McGg:





Fuccck you too dear

Is zat an invite or something?
Have you got the cash for it?

The only persons fvcking me for free right now are the people in this evil government. Now, zat's because they're fvcking all of us in one accord...for free.

However, that's the much I can take in terms of free fvcks.




No more freebies. Wanna fvck me?
Pay up first.





Once again though
Fvck you




Queenoffucks

kikero:
The reason why government refuses to remove subsidy is because if they do, the price of fuel would be above 300 per liter, like it is in Niger, Benin and Sierra Leone, where there is no subsidy

Removing subsidy is politically expensive, despite the fact that there are long term benefits of lower oil prices, more investment in oil, more jobs , and more refineries and no more scarcity

But APC does not want to be put out of office , so they keep on paying the useless subsidy

But when GEJ removed it your oga Tinubu gathered his goons to riot
Smh
Cc imhotep iceberg3 blackking98 Afonjaconehead

sinkhole:
they should just remove the bloody shit! I tell you, if they remove and PMS shoots to #300, Nigerians will shout and within a month they will adjust. The same thing should be done with education, let the parents pay for the maintainance of higher institutions so that we can get money into the treasury from these tertiary institutions

the one you are earning from crude oil, taxes, importation etc.. How has it been kept? Rather it was looted.. What makes you feel if you pay 100% tuition fee for your education that the money will be used to maintain the universities... Look well son

guru90:
I Thank God for Death.....

Because all this politicians stealing our Country funds, 6fts awaiting for them all...

Imagine, in a rich country like Nig. poor getting poorer..... Rich getting richer.... Is it not wickedness with frame?

It's not wickedness it is called capitalism.

Subsidy has always been a scam. It is an indirect way of looting. But this era of these clueless politicians will come and go. Nigerians should be wiser now.

stormborn28:
let me ask you a question... Take Lagos as a case study. with the current price of transportation if the fuel price goes to #300/litre, how many will be able to pay the transport fares and how companies or businesses can afford the due salaries to that effect

Leave am. Some people never think about the masses, their own is economy economy economy. If the economic growth becomes better and yet the citizens of this country live like pigs of what use is that so called growth.

SegFault:

Leave am. Some people never think about the masses, their own is economy economy economy. If the economic growth becomes better and yet the citizens of this country live like pigs of what use is that so called growth.

he is just being ignorant

1StopRudeness:


Mr genius.... u know how to explain.... wonderful.
Explain to us what buhari said he removed when he came in and we started buying fuel for 145 from 87......
Don’t forget this same buhari called Jonathan a fraud with the biggest protest ever when Jonathan said he’ll remove subsidy and by projections Nigerians will buy fuel for 135....

I supported GEJ fuel subsidy removal

Ask your local APC supporter that question

LZAA:

But when GEJ removed it your oga Tinubu gathered his goons to riot
Smh
Cc imhotep iceberg3 blackking98 Afonjaconehead

I supported GEJ subsidy removal

Yes, I didn't like PDP, but when there is a common sense decision being made, forget party.

Infact, subsidy should have gone since the 1990s.

Go ask your local APC supporter. Don't ask me.

stormborn28:
he is just being ignorant

It's not that he is ignorant it's just that he doesn't care. That's how collectivists are.

stormborn28:
let me ask you a question... Take Lagos as a case study. with the current price of transportation if the fuel price goes to #300/litre, how many will be able to pay the transport fares and how companies or businesses can afford the due salaries to that effect

The same way people.in Benin, Niger, Cameroon, Ghana and Liberia who pay above 300 naira are paying for it.

Advocate500:
did u drop this nonsense during the previous administration? If you did please show me receipt?

I wasn't on Nairaland then

But back then, I backed fuel subsidy removal.

There is a time to support sensible decisions, whoever is passing them

kikero:


So you don't support the removal of subsidy then.

The problem is, subsidy should have gone since 2006.
,
We spend more on subsidy than we do on education and health all because prices have to be kept low.

I didn't like PDP, but I consider GEJs attempt to partially remove subsidy in 2012 as the right decision. If he had even gone one step further and removed th the thing totally, yes high prices for fuel, but by now, jobs, more investment and refineries, and better economy

And no more smuggling

APC is a scam... Again what you are saying is illusion... Nigeria is a wicked capitalist state... Over a year now borders have closed. We now produce rice locally yet what do you observe... Are the farmers who were selling below the price of foreign rice now buying forex(dollars) in order to farm.

surgical:
oga face the issue,let buhari close border against importation of petroleum products so we can look inward it will be more beneficial than closing borders against rice which consume far less foreign exchange than petroleum products importation
It be cheaper and provide more jobs
So stop this your wrong argument.

It won't work, and it would lead to more scarcity

Better subsidy goes..because it means more investment more competition and eventually lower prices

stormborn28:
APC is a scam... Again what you are saying is illusion... Nigeria is a wicked capitalist state... Over a year now borders have closed. We now produce rice locally yet what do you observe... Are the farmers who were selling below the price of foreign rice now buying forex(dollars) in order to farm.

That's what you think

I'll leave you with this thought...
You won't like it if as a businessman, government forced you to sell your goods below the price you bought them.

Thanks

vineyardfarms:
What does it take this govt to restore the nations refinery You keep borrowing and borrowing and borrowing, nothing to show. I did not know subsidy, no more subsidy, yet subsidy has been given different names, deception of the highest order. How will you be remembered?? Mr. President??

Removing subsidy

Prices go up, profits go up, refineries get money for upgrades, production increases, prices go down by competition

kikero:


The same way people.in Benin, Niger, Cameroon, Ghana and Liberia who pay above 300 naira are paying for it.

you can't even give cogent analysis.. Do you know the living standard in those countries? To eat in Benin Republic is not expensive sam3 with others.. Can you eat #100 plate of rice in Nigeria? But in Ghana it is possible with their currency...

stormborn28:
the one you are earning from crude oil, taxes, importation etc.. How has it been kept? Rather it was looted.. What makes you feel if you pay 100% tuition fee for your education that the money will be used to maintain the universities... Look well son

so why berating ASUU for going on strike for revitalization of Universities?

kikero:


It won't work, and it would lead to more scarcity

Better subsidy goes..because it means more investment more competition and eventually lower prices

How,something we have in abundance
You are justifying misgovernance
It is better to produce here than import,importing doesn't make sense
Once we start producing,subsidy dies automatically
But with importation,subsidy will never be totally eliminated if the government does not crisis on his hand

kikero:


That's what you think

I'll leave you with this thought...
You won't like it if as a businessman, government forced you to sell your goods below the price you bought them.

Thanks

my question still stands. We're they not selling local less than foreign rice? So why the sudden push in price.. That is the society you are in ..your suggestion may work USA because they have human face but not here in Nigeria