₦airaland Forum

To block abi to gather intelligence on how/where to deal with them? Nigerian government is a joke. How would block their social media accounts help in solving the menace? God help us

nairalanda1:
The problem is that in other countries they pay for subsidy by taxation

In Nigeria, we pay for subsides from oil revenue which in principle, before stealing, is not enough because your government does not run a productive economy

Also most sane countries pay subsides to the producer ie the refinery, not the consumer subsidy we were paying.

Third, subsized fuel was being smuggled to as many as 6 or more African countries. That increased our subsidy bill. Also as more people own cars and rely on generatiors , that increases subsidy bills as well

Finally , subsides overseas are for the poorest of the poor. For people whose income is very very low. Not for everyone as in Nigeria

Subsides also prevent refineries from making a profit on fuel refining. That leads to the refineries breaking down. As seen in Nigeria and even in Venezuela. Ghana and Niger republic have working refineries which have been working for over 20 years and no subsidy.

E harsh, but na truth.

We have subsidized power , education and health anyway. Even rail transport is subsidized

All these you've stated have corruption and inefficiency of government institutions as it's catalyst. Why would the masses suffer for government inefficiencies? Okay now that this government has removed practically all the subsidies and is even taxing the masses to stupor, what has changed? Do we now have better roads, security nko, what of the economy, has the politicians stopped stealing govt revenues? Nothing has changed my brother. You don't take more yams and give to a goat to look after when the goat has practically eaten all the ones in its care.

nairalanda1:
If we had chased out subsidy in 1993, or even in 2012, and let the market set prices, not government, it won't have just been dangote announcing construction of refinery in 2013, there would have been three or four others doing same.

There is a cold reason why for decades they have been telling Nigerians to remove subsidy....it was to provide a level playing field for people who wanted to build refineries...and attract investment to do so. Subsidy meant that the only person able to attract investment was Dangote, and that was because the investors figured out that if subsidy induced losses impacted the refinery in the future, AMCON will just take over Dangote's other businesses and use the cash to pay them off.

Not everything na oppression. Nigerians should have kept quiet in 2012. Instead, everyone shouted that GEJ Na oppressor (me I was not his supporter and never have been, but there is a time to put aside opposition, and look at why some decisions need to be taken). See what we have done to ourselves.

Anyway, BUA dey, there are also 4 extant working private refineries.

Oga there's no serious country where energy is not subsidized directly or indirectly. Subsidy is never Nigeria's problem but corruption is. There is no logic that will make good the removal of subsidy in Nigeria. Government subsidy does not stop or affect any serious investor from building refineries

miracle002:
This is the beauty of competition. If the momentum of this competition is sustained, price of petroleum may come down to 400 per liter by March 2026.

Dangote wanted to gain absolute monopoly over petroleum industry. It won't work, as you slash your price, others will follow suit. Fuel importation will continue and you cannot stop it

Be dreaming that price will come down to 400. We all know that dangote reduced price because he wants to put up a show for his competitors not because of market dynamics. By tomorrow now he'll return it the normal market price, he can't sustain that price cos he's selling at a loss

Incognito403:
Even if he is not arrested, his evil deeds and reign has been recorded in history. He has secured a position in the rows of tyrants like hitler and pharaoh.

You are also writing your history and securing your position in the row if tyrant-enablers.

Which history are you talking about? You must be living in fool's paradise think that's the narrative history will remember. If deleting all the terrorists and their sympathizers is what you define as tyranny than I'm happy to identify with it.

Jokers, they should go and arrest him nau.

whippersnapper:
From Temipreye Silva to ngige to malami etc

Let the witch-hunt begin

There's nothing witch-hunt about it. You should be more concerned that at the end of the day nothing concrete is coming out of it. He will bailed and life continues as usual, yaya bello is a case in point.
This should worry anyone who is interested in Nigeria's progress

mrvitalis:
Same story.. He gets sents to prison for a few days... He requests for bail

Bail I set and he gets released

Case is adjourned till he can settle with the new people in power

You get the story. Nothing concrete is coming out of it, same yaya bello is now a free man after similar shenanigans

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Our politicians are really mentally sick, spending money like a rich nation

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Can also be converted to pumping machine.
Comes with accessories.
Price: 350k (slightly negotiable)
Whatsapp (only) 0706 3556 575

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And "sane" people are still joining ApC that destroyed Nigerian economy? Who do us this thing for this country. God forbid bad thing

It is finished...but then the north is still silent.

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Is like she planning on eliminating her husband oh 😅
Ned watch your back oh

Tinubu is enabling alot of things that the next northern president would ride on to cause chaos in the polity. If you observe the north is unusually quiet and that should trouble us. Anyways what goes around comes around.