₦airaland Forum

nairalanda1:
SO, are they impoverished to accept a deficit that eats our earnings and any other money we have just to sustain subsidy

You would like it if we end up that way, no money, and anarchy on the streets that would make these protests look like primary school children marching on children's day

See, if we kept petrol at N65 today, without the partial removals we have done, we would have been spending over 1000 per liter or something like, assuming a fuel consumption of 60 millon liters per day, 12 trillion naira a year.

That means about 12 trillion out of your budget will go on subsidy. How would the deficit be filled then?

And that would keep rising because of smuggling....so we could be seeing over 20 trillion out of your budget of 30 trillion going on subsidy

This is not about which side you support, APC or PDP, this is about how subsides encourage severe debt and issues that could affect our economy, and the poor.

I am pro subsidy removal only if you already ensure local refining capacity and uninterrupted electric power supply.

Even if the post subsidy removal fuel price goes up, a lot would not be so dependent on it like it is now when businesses and homes have to provide their own electricity with imported fuels.

gidgiddy:
But the same people, including you, no longer see the point of protesting when fuel is Iver N700 a litre?

I have never been a supporter of subsidy removal while local refining capacity is non existing and electricity is still a scarce commodity that Nigerians have to then provide themselves with the use of the same expensive fuel.

Funng enough, the 700 fuel of now is actually cheaper than the N140 fuel of the Jonathan regime.

With importation in dollars,
2012:
N140 = $88

2024:
N700 = $47


I have always understood why every government wants oil subsidy to go, considering the dollar saving and revenue shore up it would provide the government/country.

My recommendation has always been to ensure we produce crude oil beyond our OPEC quota, which we then sell that excess to local players in a local refining market, at a Naira price that will ensure the end products of the refining comes out at a price that Nigerians can afford.

In that scenario, the government has not lost a single dollar it is limited to earn by its OPEC quota, and likewise have not spent a single dollar that would have otherwise been spent importing fuel in dollars and subsidizing the cost.

A win-win for everyone.

nairalanda1:
It also made things worse and laid the foundation for the economic problems and debt we have now

The thing about subsidy is simple...it rises in proportion to the cost of production. Because all our petrol is produced abroad...the cost of producing it is very high, and that means that subsidising it would become more expensive.

If subsidy had been kept for fuel to be N65, by now subsidy costs would have gone up from N2 per liter as at January 2012, to N1100 per liter today.

It would have created a large hole in our budgets, meaning that the amount of loans we take would have risen, which means we would have had a debt eating up our revenue, the loans we take and any money we do not have right now.

GEJ was right in 2012 TO TRY TO do a total removal of subsidy. But you guys refused to see. Had he done so, we would have had fuel selling at very high prices, but we won't have a ragingly high debt of over 100 trillion naira and a naira that is falling madly vs the dollar as it is now.

But as Nigerians are proving now, just as they proved in 2012, they are too impoverished to accept a total removal of subsidy.

The N140 fuel price of Jonathan in 2012 after he removed subsidy on imported fuel, was almost $100 then.

gidgiddy:
They wanted fuel to stay at N65, they were protesting a N20 Naira increase, they wanted Jonathans head

Now under Jagaban, Fuel is 10 times that amount and the same people who protested against Jonathan are saying Jagaban is doing well

Get yourself informed.

They were protesting a total removal of subsidy which at that time already made fuel sell at a price of N140 per litre, and would have made same improted fuel sell at the prevaling price now.

It is a removal and of subsidy on imported fuel, so you must continue to buy at whatever is the prevailing price.

The 2012 protest achieved a reprieve for all Nigerians, including the ones who did not protest like their fellow country men, as the government had to return most of the subsidy with the fuel price adjusted downward from N140 to N87.

MrPOTUS:
I guess those protesting in borno also voted obi

Till when you people come to reality that hunger knows no religion or tribe, u will continue to delude yourselves.

The bitterness in that Obidient fellow is oozing like a skunk.

It is even good you mentioned the people of Borno.

A state that President Tinubu won.

Yet a bitter loser whose candidate did not even get any significant votes in the same Borno is saying someone is unwanted, yet he won Borno State?

Until you election losers overcome the agony of your defeat, you would realise that Nigerians protesting against government policies, does not mean the winner of the previous election is unwanted.

The hatred of an election loser does not stop the progress of a nation.

Treasure17:
Tinubu must feel it. The most unwanted and hated president ever.

All because your candidate lost election and finished 3rd place?

If Tinubu is the most unwanted and hated, what about your candidate that only won 6.1million votes, when Tinubu won 8.7million votes?

What is Tinubu feeling?

Are you Obidients also protesting?

Hannania:
TheYourba's are the most bigoted and tribalistic miscants in Nigeria, i don't blame the Igbos. Last election made me hate my roots as a western Nigerian. Shameful

Igboman so ashamed of his roots.

Chai!

I follow you shame for yourself.

Very stale Igbo playbook.

Kanu who is the originator, is still languishing in custody and now promising to be an Apsotle of Peace.

Goodvibes007:
What exactly is this OP driving at?

That all of Nigeria betrayed Jonathan in 2012.

He is trying hard to exonorate Yorubas from tribal betrayal that his fellow Igbos have been parroting.

I no fit laugh at the confusion.

Before the end of today, many Igbos will still post on this forum about how Yorubas protested against Jonathan in 2012 and betrayed the South.

The OP should focus his rehabilitation on his own people.

But same Igbos keep telling us that Yorubas protested against Jonathan’s removal of subsidy at Ojota, and that they supported subsidy removal.

So who are we to believe now?

What happened in the SouthEast was labour unions ensuring to shut down all labour operations to ensure national compliance.

The real protest was in Lagos, Kwara, Kano, Kaduna, and Abuja.

Or as Opposition figures came out enmass in those states, did the equally federal opposition APGA party ruling in Anambra come out to lead any protest in Anambra?

That was the year that Igbos and the SouthSouth revealed to all Nigerians that you do not protest against the government of your brother or political ally that favours your own region.

Nigerians have always learnt to adjust to how Igbos want us to run the country.

Like how we adjusted to a unitary Nigeria, but the Igbos wanted to escape.

Hahahahaha!

We pulled them back into the federation the same way Ironsi and Ojukwu pulled Niger Delta Republic of Isaac Adaka-Boro back into a united Nigeria.

The greatest achievement of the protest in the South and North is that the Igbos were kept inside their houses.

Not their houses in their own region where they hardly come out to support any national protests, but in their houses in other regions where they are quick to point fingers and constitute a menace during protests, while never lifting a finger in their own region.

Or did you see anyone protest in Abia that is in their own region?

Same way they were kept indoors in Lagos and Kano and Kaduna.

How intense was their EndSARS protest, despite their Awkuzu SARS killings and human rights abuse?

Did they protest during the January 2012 anti-subsidy protests in the SouthEast?

So now that all Nigerians have realised the cunning nature of those hypocrites, everyone expect them to go back to their region and protest if they care about the cause.

Henceforth, that will be the pattern to any protest in Nigeria.

Go to your region and protest. No follow destroy another man's region, while your own remain intact, but still execting to benefit from the victory of the protest.

In this country, when you return aggression for aggression, there will be mutual respect/fear.

Why is it so hard for some peole to just accept that a Yoruba Muslim candidate defeated their own candidate that was fighting a political religious warfare?

We won, you lost.

Move on.

agulion:
No body have Monopoly of protest, local Yoruba Muslims used protest to distroy GEJ, we the SS people are yet to forgive local Yoruba Muslims

Just say you the Igbos have yet to come to terms with the pain of defeat suffered by your preferred candidates since 2015.

Agu we dey shame for him tribe like Akuko.

Just suck them in and then close in on them.

Not one of them must be allowed to escape.

Goodluck to them convincing the judge what their mission was.

helinues:
Removal of Akpabio because Nigerians voted for him as Senate president.

Chai, this na noobs talk oo

I wonder myself.

Ignorance of the political system.

Sapasenator:
I think top on the list of the demand should be the removal of Akpabio as Senate president. Why is none of them talking about this?

Senate is also a very power tool for change in Nigeria.

How do you intend to change someone who is already validly elected into the Senate by his own constituency, and whose election as a principal officer of the Senate is by the votes of his fellow Senators?

You mistake the office of a Senate President for mere political appointment like Minister or Special Adviser?

helinues:
North allowed themselves to be misled

They misled themselves, the children of 8 only helped them with free advertisements on social media.

Omoawoke:
We told you people, peaceful protest does not exist. It always ends in violence, arson, looting, and criminal activities.


Some people have been waiting to see headlines like Lagos on fire, blood shed in Ogun, looting ongoing in Ibadan. But they are obviously pained and disappointed and more shame will locate them, 2020 endsars won’t repeat itself again.

Kudos to Southwest for putting measures in place.

If you want to protest, enter night bus and go to your region or better still, go to Kano and sokoto and join them. Leave Southwest out of your hidden agenda

Dem don carry North handicapped.

The media blitzkrieg from the SouthWest was so intense that even their own leaders told them to mind their own business in Yorubaland.

They will always keep their own region peaceful as long as it is not a Biafra themed protest, then be adding fuel to fire in other regions.

Niccoloimhotep:
Obi is suddenly a top presidential candidate. Only when it suits you, Oloriburuku

Did he not finish as top 3 behind Tinubu and Atiku?

yarimo:
🤣🤣

Hahahahaha!

Adeyanju slammed the hypocrite.

yarimo:
And the coward agulu fraudster peter obi that called for the protest refused to come out and lead the protest. Very unfortunate man

Did you think Obi has the courage of Tinubu to lead anything besides leading Anambra state funds into his bank to make profit?

Even Sowore and Deji Adeyanju know say Obi na confirm Ole.

Ok

This is how it will be for all those who supported this protests.

They will be the losers when the cookie crumbles.

Gaslighted successfully!

LegendHero:
They are now looting Saad store.

Let them loot in peace.

They are peaceful protesters.

Hahahahahaha!

I say he go learn.

You want to be showing support for anarchists and youths wey no get direction, or already have their own hidden agenda?

Like Sanwo-Olu, like Alex Otti, he has learnt to know his place and job as the chief security officer of the state.

Folks, that was how the Kano protest was ended on the 1st day.

No more protests in this Tinubu 1st term.

Dem suppose flog am with koboko.

madridguy:
Obi didn't push anyone out. The governor of Kano State welcome and supported the protest. Let us learn to bear the consequences of our action.

This is just Day 1, by the time the protesters are done, Abba Yusuf will fly to Abuja to show pictures of the destruction to the President Tinubu.

Hahahahaha!

The dodoyo na learner.

He wanted to do APC vs NNPP with the protest.

He does not know that he is the representation of the Federal Government in that state.

lamentor78:
Talk is cheap bro, activist are worst managers, Nigeria is complicated country even Donald Trump cannot succeed here.

I am certain that a Sowore will not even allow masses to protest against his government.

It must always be his view and way all the time.

vowiski:
Even In the US, they block major roads

That's why the US is a mad house where even the Capitol is attacked and protesters are neutralised.

While those not killed are prosecuted and jailed.

A crime is a crime.

US, UK, Nigeria.

A crime is a crime.

DMerciful:
Tinubu has killed many peaceful protesters.

There will be consequences

Consequencies that Obasanjo or Jonathan or Buhari did not face?

Stop living in la la land.