Godarz:


So, we should subsidise fuel to the tune of 1.2 TRILLION naira or more annually, and take loans to cover up the deficit resulting ?

Removing subsidy is the best way. We should have done this since 1993, even 2012.

if you had gone to school you would have been able to reason independently. The government side is not always the true side most times

surgical:
if you had gone to school you would have been able to reason independently. The government side is not always the true side most times

Okay, let's keep on throwing millions down the subsidy hole...we can always take loans to replace the money...

Good evening.

Niga Jonathan warned you.

Old ways vs new he said.

Even his wife warned that "there is God oo"..this thing you people are doing. (Who ever you people is)

But then many were laughing with there brown teeth.

Now doomsday is upon us.

When you don't appreciate good leaders God will give you bad ones. It's called laws of binary opposites. Can't appreciate day if you have not withness nights.

Some Nigerians are so heartless. Someone is comparing fuel price in Nigeria to other countries. Which kind of stupid comparison is that?
Let's do the maths.

Minimum wage in Nigeria 30000 per months
Full time working hours per week is 40 hrs. In 1 month, it is 160 hours. So minimum wage in Nigeria is 30000/160 = 187 naira per hour. Then fuel price is 200 naira per liter.

Let's see Canada for example.
Minimum wage in Ontario is $14 Canadian dollars per hour. Fuel price is $1 per liter.

Even though, a Canadian will buy fuel at 350 naira per liter if you do the conversion, from the scenario above which is more affordable to the 2 groups of people?

The idiots are quick to say fuel is cheaper in Nigeria because this or that country pay 500 naira per liter, but they will not tell you the minimum wage of those countries and the fuel price in those countries currencies to have an idea of how affordable it is to the citizens of those countries
Which kind of blatant deceit is this?

kudos to their DARLING YANKEE

3kay945:


For defending the wickedness of this government, I don't think you're normal.

Good afternoon and good luck

Godarz:


Good afternoon and good luck

Have you been privileged to travel out of this country before?

3kay945:


Have you been privileged to travel out of this country before?

Good afternoon and do have a good day

Godarz:


Good afternoon and do have a good day

My first impression about you was right after all.

ThierryJay:


We might have a low tax base, but has the level of social and capital development even been commensurate with what Nigeria has realized from tax earnings so far?

FYI, Most of the informal sector you talk about earn less than 50,000 a month. When we are globally rated as the poverty capital of the world with over 90million people earning less than 1USD a day, do you expect these 90million people to pay taxes when they can barely survive. Are they not almost up to 50% of the entire population which is a close metric to the untaxed informal sector you talk about?

You cannot simply rely on tax to stimulate productivity. Rather, you need to stimulate productivity to increase your tax base. If more people become wealthy they would become economically visible and the tax authorities can go after them.

sadly people with high IQ like you are are not up to 3 in Nigeria. If we have more people like you everywhere in Nigeria. Nigeria will be the best country in the whole world. Chai I wish we can met but take this cold drink first

DropsMic:
I go soon leave this country for una

better . One less person to struggle for gari wey no reach us .

3kay945:


My first impression about you was right after all.

Plus one would assume the US would erupt in civil war and then reduced

Godarz:


Yes, to prove the assertion that price increases only happened under Buhari...it isn't true and you know it.



Charming , aren't you?

No worry every body go chop breakfast

ijustdey:


https://www.newtelegraphng.com/petrol-to-sell-for-n230-per-litre-in-march-marketers/

If Goodluck Jonathan could keep the price of pms below N100 per litre when the price of crude in the international market was above $100 per barrel, I wonder why this liars can't keep the price of pms below N100 per litre when crude is just up to $66. And it's funny to note that this same deceivers led Nigerians to protest when the price of fuel was increased slightly by Jonathan. All of you should be ashamed. Buhari, Tinubu, Akande, Liar M and the rest gang. I hate you all. You can't subsidize fuel but you can settle bandits and kidnappers.

Inception:


Thank you!

Walahi we are in for a very long ride.

By the time crude start selling for 100 USD, we should be prepared to buy fuel for 500 Naira a litre.

This eventuality will ultimately ruin the remaining purchasing power Nigerians have left.


This is the sad reality of this 'Dutch disease'.

I see subsidy being reintroduced soon.



But with better living standards and welfare packages. not this kind of irresponsible government we have here

Are u in political science dept? 400l uniabuja?

D leaders of dis country wan finish us all e b lyl say I go learn yahoo now cos I b dey snub am before

Godarz:


It has happened under previous presidents....under GEJ it rose from N65 to N87, and under Obasanjo it rose from N20 to N75 even.

modified

Fuel price increases a history
Modified...this post is not to support Buhari or APC, but to correct false assumptions, and provide context....

I dey like proffessors like you .... for the record hope you know buhari broke the record ...
My concern is not about fuel price comparism with previous govt, if you really wana compare lets talk about the inflation index lets draw up a comparism in relation to purchasing power.

Sai Baba!!

Godarz:


We don't pay for power like other countries do.

We pay tarrifs that are not cost reflective, plus at least 40% of subscribers for power...to give an example...don't pay even.

Other countries pay their bills, or pay higher taxes to get better services.

y not tell us about minimum wage in those countries

Trila02:
y not tell us about minimum wage in those countries

y not tell us about how much their tax rate is, plus people on minimum wage in this country don' pay taxes.

larryjonze:




I dey like proffessors like you .... for the record hope you know buhari broke the record ...
My concern is not about fuel price comparism with previous govt, if you really wana compare lets talk about the inflation index lets draw up a comparism in relation to purchasing power.

Well, inflation has been always high....

We are undergoing a similar issue we went through in 1982-89....economic crisis due to oil being too low to sustain us revenue wise.

(That's where I criticize Bubu, the fact is, he had tools with which to get us off our reliance on oil , which he isn't using.)

Truth is, the same complaints you are complaining now, were made back during each and every time fuel prices were raised.

JidennaJason:
Like I always pray, May it never end well for anyone who deliberately enthroned the disaster called Buhari.

Iseeee

JidennaJason:
..... And this is how General Buhari, the specialist in failure and his gang of Efulefu's in the APC choose to welcome Nigerians to a new month.

Just yesterday, I saw a comment by one notorious Buhari Media Cow (BMC) saying that Baba lifeless has the interest of the country at heart, I wanted to reply him, but I remember that I have already layed some curse on people like him who deliberately voted the daura drunkard.

A litre being sold at N230 is not just a wicked act, but also a demonic display of hatred for the common man.


Like I always pray, May it never end well for anyone who deliberately enthroned the disaster called Buhari.

JidennaJason:
..... And this is how General Buhari, the specialist in failure and his gang of Efulefu's in the APC choose to welcome Nigerians to a new month.

Just yesterday, I saw a comment by one notorious Buhari Media Cow (BMC) saying that Baba lifeless has the interest of the country at heart, I wanted to reply him, but I remember that I have already layed some curse on people like him who deliberately voted the daura drunkard.

A litre being sold at N230 is not just a wicked act, but also a demonic display of hatred for the common man.


Like I always pray, May it never end well for anyone who deliberately enthroned the disaster called Buhari.

Next level Jare .
Hehehehe una never chi chom chin
as for me am going back to my village to plant cassava cuz soon e go bisle cuz abiong or alarm go ring for command man head.
I have a dream that in Nigeria common man go call 711 emergency number Abulance go lap within 20mins.
I have a dream that akwa ibom man will be a president soon.
just give me few seconds let me diggest my spiderman soup(Okoro and obgono soup )
as for fuel hmmmmmm ...... na to press cheat for granted 9JA CITY make Electric car lap. but why I dey feel like say naija man go still carry rechargable light and power bank inside the car............Abeg make person call Idris for me. Poor man dey suffer.

inoki247:
if you like sell it for the rate of dollar maybe 1 dollar per liter we no go die we are used to all diz suffering....

we are tired of getting used to the suffering this evil govt has been imposing on us.

Godarz:


So, we should subsidise fuel to the tune of 1.2 TRILLION naira or more annually, and take loans to cover up the deficit resulting ?

Removing subsidy is the best way. We should have done this since 1993, even 2012.

Don't sound like a slowpoke. Your stupid president said there was nothing like subsidy before he came to power and you're here defending him for taking the price of petrol from 87 to 206 in just 5 years.

Daguccizgreat:
Don't sound like a slowpoke

.

Thank you for insulting me, especially as I didn't insult you or abuse you.

Your stupid president said there was nothing like subsidy before he came to power and you're here defending him for taking the price of petrol from 87 to 206 in just 5 years.

Well, I did not believe him then because the government was still setting the price, and as such paying a subsidy.

Once the price is set by the government and not by marketers or refiners, there is a subsidy.

Politicians of all shapes and sizes lie.

Once again, I do thank you for insulting me. In response, may God bless you (or if you are not religious, may you get the best of what you wish yourself.)

Godarz:
.

Thank you for insulting me, especially as I didn't insult you or abuse you.



Well, I did not believe him then because the government was still setting the price, and as such paying a subsidy.

Once the price is set by the government and not by marketers or refiners, there is a subsidy.

Politicians of all shapes and sizes lie.

Once again, I do thank you for insulting me. In response, may God bless you (or if you are not religious, may you get the best of what you wish yourself.)

So sorry I sounded harsh. It annoys me so much when I see some idiots defending baba online despite making Nigeria the most dangerous place to live in the subsaharan Africa.

Daguccizgreat:
So sorry I sounded harsh. It annoys me so much when I see some idiots defending baba online despite making Nigeria the most dangerous place to live in the subsaharan Africa.

The subsidy issue is something that isn't about Buhari and GEJ...it is about whether we should pay for fuel at the market price, or subsidise...ie pay below the cost of producing and transporting the fuel, and compensating depot owners and marketers with a set sum...called a subsidy.

The problem is, over the years, it has become increasingly difficult for government to pay that subsidy.The problem also is...removing the subsidy means higher food prices and other price increases. Yet...paying the subsidy means that government takes money from other sectors, including ironically the oil sector to cover losses made due to cheap fuel prices...which isn't enough to cover oil losses.

I used to support oil subsidy till 2011/12, when GEJ's attempt to remove the thing...led me to actually sit down and read and understand what a subsidy was all about, and eventually led me to be a subsidy opponent.

Oh and by the way, apology accepted.

Sebi Oluyole-coat wearing NIGGGA from the presidency was saying it will be reduced to 100Naira abi na Lai's spirit enter hin briefly abi na wetin..

I been hint the bike man wey carry me today say make dem gear up for the increment and di day na fold na him we dey read diz breaking news...