₦airaland Forum

Goodlady:
That dog lover should rest. Chicken wey she dey chopnna another man pet. Cow wey she dey chop na another person's god.

You have said it all my dear after all they are all animal right

U

Q

DeLaRue:
The impact on overall inflation should be limited.

Diesel is a bigger driver of inflation than petrol, and the price of diesel which is not subsidised has been relatively stable.

The movement of food from the agricultural hinterlands to urban and town centres, and from the North to the South is mostly done by large lorries that use diesel. So, the overall impact of petrol subsidy removal on the price of food should be modest.

The industries producing the goods we buy, which have the power to influence the price of most goods, predominantly use diesel, not petrol. Nestle will not increase the price of Golden Morn because of subsidy removal.

Outside of private and some commercial transportation of people, petrol does not have the same impact on overall price of goods and therefore inflation as much diesel.

So, though the removal of petrol subsidy will result in some additional inflation, the inflation will be limited - spread across the entire GDP, the additional inflation should be less than 3%.

I think most people would take 3% inflation with subsidy removed than end up with Venezuela's 450% with subsidy retained.

PS: I'm not being insensitive to the plight of millions of people who will be impacted by subsidy removal, I am just trying to explain that the pain of not removing subsidy now will be worse in the long term.

This is where generations of corrupt politicians have landed Nigeria.

I'm not sure you are in Nigeria

Because if you are in Nigeria you will know how much is peak milk and bread now compared to when the price of fuel was stable during GEJ

That little increment done by Buhari from 97naira to 189naira is the reason we are paying 1,200naira for a bread of 400naira

Peak milk of 150 naira is 550naira now

DeLaRue:
1. Many of the people in these agencies are corrupt so they are rarely effective in checking corrupt practices ie, fuel smuggling, price gouging by petrol Stations.

2. Nigeria's borders run into tens of thousands of kilometres. If the government doubles the number of police, Customs, army, navy, air force etc, they still will not be able to effectively control the entire border.

3. Smuggling is only a small part of the justification for removing subsidy. The government was borrowing to pay for subsidy, yet the larger portion of the subsidy is being stolen by a few people.


Unfortunately, there is never going to be an easy time to remove subsidy without itimpacting many hardworking people. I understand that. But it has to be removed, otherwise this country will go bankrupt with the consequence that even more people will suffer.

Venezuela, one of the other high-subsidy country is on the verge of total collapse. Last week, official inflation in that country reached 450%. For comparison, Nigeria 's official inflation is 22%.

One of the reasons for Venezuela's situation is that it refuses to remove fuel subsidy.

We don't want find ourselves in Venezuela's situation.

Hmmmm...economist, so when subsidy is removed and the price of fuel jump from 189naira to 530 naira Nigerians wont experience inflation?

OAFMods:
Even with how many renowned organization stated Nigeria is under policed 1 police to like 100K citizen while USA n UK you idiot cite as example as a police to less than 100 citizen

You have a simple seamless policy that will ease a problem provide fund for more infrastructure to the populace but your foolish demented head think subsidizing fuel of the rich with many cars n factory is the way to go in 2023 ? Sir you suck behind foolishness

A grown up man that believed this 1 police to like 100K citizen

Is not suppose to discuss with people in public

You supporters of this corrupt enemy of the people are not smart at all

So if a govt cannot use all the security agencies under his watch to check the corruption in the system, the people should suffer abi?

There is EFCc, ICPC, the police, the millitary, civil defence, and so many others

Even peace corp sef

I'm surprised Atiku is still in Nigeria

News456:
Fuel Subsidy: Tinubu Does Not Know How To Rule - Atiku Abubakar

[b]The former president of Nigeria, Atiku Abubakar, [/b]has criticized the decision taken by President Bola Tinubu to remove the oil station without making it easy for the people, saying that the decision was taken without verification.

Read more
👇
https://www.truenigeriamini.com.ng/2023/06/fuel-subsidy-tinubu-does-not-know-how.html

The former president indeed

Fools reacting to irelevant things

A govt that is bereft of new ideas on how to tackle corruption in subsidy is cancelling the only policy that is beneficial to them

But instead of nationwide protest to demand for good governance and welfare package to cushion the effect of the subsidy removal,they are reacting to nonsense.

Many do not know that the removal of subsidy on flour which increased the price of bread for the common man was the major cause of the uprising in Egypt in 2011

matrixme:
Seun raised a very important argument here. Is just that obidient are such sore, toxic souls, Since Seun has not exactly been showing sympathy to their messiah's cause, they will ever be on standby to attack his ideas. Civil servants are lazy, fat and overpampered in Nigeria. Here in Abuja, many of them get free vehicles to work, live in fee houses (Or paying next to nothing), gets wardrobe, and other allowances, some of them even have official cars, yet contributes almost nothing to the economy. They go to work Mondays, Wednesdays and Thursdays arriving 10pm and leaving 3pm those days.
It is the private workers that bears the brunt of labour productivity in this country and no one is advocating their cause. I'll rather demand the government enforce increased minimum wage for private workers, albeit almost impossible. The issue of casualization of staff should be abolished. Moreso, for state governments that are bare paying salaries, where exactly will they get funds to pay an increase in civil servant's salaries? Dey play, just dey play!

Another brainless fuuul

SmartyPants:
You are comparing Nigeria with China and the US when we regularly rely on loans from those countries to sustain basic government operations? You need to understand this: Nigeria is broke! We don't have money! No kobo to even pay civil servants even at the highest level! We're in trouble!

We are broke because our leaders has refused to free up resources by sacrificing their on pay and whatever corruption they have delve into

Do you knw how much these countries borrow and how much they are owing, research

pandoragirigory:
Tinubu is trying to accelerate good governance, but Nigeria of tribalism and religious sentiments is not ripe for it, he should put some modalities in place to cushion the undesirable effects of high fuel purchase after subsidy

Stop supporting rubbish

Government all over the world are subsidizing basic needs of the people

China provides world record subsidy on cotton for its people

USA subsidize oil, Agriculture, housing, automobiles and health care

What are our govt subsidizing for its people, nothing

The only product you are subsidizing is what you want to remove because you simply have no idea on how to tackle the corruption that has engulf the policy?

If you cant, abeg step down..we have people that can sanitize the system and bring normalcy

Government all over the world are subsidizing basic needs of the people

China is provides world record subsidy on cotton for its people

USA subsidize oil, Agriculture, housing, automobiles and health care

What are our govt subsidizing for its people, nothing

The only product you are subsidizing is what you want to remove because you simply have no idea on how to tackle the corruption that has engulf the policy?

If you cant, abeg step down..we have people that can sanitize the system and bring normalcy

Ask Ghana what happened after they did the same thing

We are actually problem of Nigeria not the politician

Just read what a youth is writing, Smh!

Subsidy was supposed to run till June 30th so why are we buying fuel expensive now that its not yet July

Buharis tenure

President ..muslim

Senate president....muslim

Speaker HoR......Muslim
Deputy speaker..muslim

CJN......Muslim

bryning899:
Eluppe and their fake things are like 5and6, keep misleading your innocent people, even a fool will know this is fake........

Lolz...its fake because LP won in the polling unit?

CTC is actually the original document given to the legal team by INEC

I hope the document are kept in a safe place before we go hear say fire catch one part of the building

What APC cannot do does not exist

Remove the corruption in Subsidy not the subsidy

drlateef:
That’s Bishop Matthew Kukah church. Nonsense!!! Does that reflect the whole of Sokoto?

Lolz, so police station is now church?

I thought you guys said Obi cannot win any polling unit up north?

Reno Omokiri is a Useless fugitive

For some ignoramus

He never claimed to have won those states mentioned, but he is simply saying that after going through the INEC certified documents

That he PO scored more than what was declared

Nigerians calls for outright removal of sitting allowance, newspaper allowance, entertainment allowance and all other benefits of all the house members

Nonsense and ingredients, i dont blame una...

I blame the idiots that are supporting this anti people's policy

Touch what benefits them and watch how they will react

walefresh3:
igbos with scam.. Are like 5 and 6...

U posted one polling unit... Bshow us like 20 let confirm some thing...

Just igbos dominated polling unit...

But We were told PO didnt win any polling unit in the core north

They are negotiating the price at which this country will be sold off

Four harden criminals

Seefinish:
No wonder Yakubu don't want tribunal to admit the results he personally signed

Exactly, they didnt know LP can present such evidence because they thought the party didn't have agents in the election

[quote author=Parachoko post=123530335][/quote]Oga supplementary budget is real, una want deceive mumu abi?

Inec saw the result, they knew it wasnt joke again

Obi is closer than we thought

Parachoko:
Joe the NLC President, The LP and Obidunze Orchins can't fool Nigerians.

Xscape1993:
Political NLC....

Why not read first before commenting