Purvan:
i just tell people they are dead even though they are alive and live well after ruining my life

nairalanda1:


I got converted into a fuel subsidy removal supporter in 2012, when Buhari was supporting oil subsidy. So, this is not about politics, it is about thinking things through.

And I don't appreciate your implication that I am foolish

nairalanda1:
Because if we keep the subsidy, we would see a rise in debt beyond what Buhari has incurred

Subsidy, roughly speaking, is what is paid to the petroleum sector as compensation for selling below the production cost of petrol.

The problem with subsidy is that government does not control the production cost of petrol. So, when it rises, the cost of subsidy rises, which means that we have to pay an increasing amount of money to cover the increasing loss from the increasing difference between the government set price and the production cost. This eats into the budget, and as a result, government has to take loans to cover the difference.

When the difference gets too much, in the past, government usually reduces subsidy cost by raising fuel prices a bit. As an example, in 2012, fuel was costing N65, landing cost was N99. Government raised prices to N97, meaning subsidy costs went down to N2 per liter from N34 per liter. (The above has been happening since the year 1973, which is why fuel is no longer costing 15 KOBO as it did in 1981!)

At the moment, we have too much debt, not only from covering subsides, but also from low oil prices from 2014-2021, which since oil is our main income source, means we have to take loans.

Throw in the fact that in all our neighbours, fuel is above N300 per liter. And people who are poor to people who are rich make lots of money smuggling fuel over the border. That worsens our subsidy costs. And yes, they should be stopped...the problem is, it isn't just the big takers doing the smuggling, it is also small guys with 50 l jerrycans carrying fuel over the border. Unless we want to build a fence, and staff it with one million armed border force people....

Note that OP, you are right about the negatives of subsidy removal. But the issue is...do we keep on throwing millions of naira daily to keep fuel subsided, and take loans and more loans, or do we remove subsidy, and save more money, and hopefully attract more investment, money and jobs to our petrol sector?

Keep in mind that subsidy is also why we cannot build and maintain refineries. And why refinereis get sabotaged. Ideally, a refinery should make a profit, and use that profit to run itself. Subsidy means that the refineries not only do not run at a profit, but whether they work or not, they get free money from government. And naturally, unscrupulous agents would damage the refineries to keep getting free money.

We are between the devil and deep blue sea. The thing is, subsidy removal could , if done right, lead to a period of prosperity after a period of hardship.


I know Nigerians do not like it. But at the end, if we had taken the subsidy removal road in 1993, by now we could have been a major exporter of high quality fuel to Africa and the world, and NNPC woulda had more than 4 refineries, and there would have been lots of private refineries.

Price controls do not work. Ask the USSR.

SimeonOTC:


Please Great man, I solely need your advise and input. Please advise me as your younger brother.

Am about to go into business. Computer Business Center to be precise. The capital is there, have starting getting the equipment I will be needing.
Please what's your sincere input and advise in this as I will be depending 85% on fuel to run it and the longer I put off getting most equipment now, the more the increase of their prices.
Please what's your input. cause am scare and I don't have mentor or someone to guild me through.

tunlex01:

No, environmental manager is for managers in the environmental space.
There are 5 other environmental occupations on the list. You should check the list thoroughly.

tunlex01:

Spot on!

To everyone, skilled migration should be your first choice. If you are not eligible, then explore student visa. It saves you money and stress because if you come in with student visa, you will still be back to the skilled migration process except you plan to come back to Nigeria.

You can only imagine if you spend less and get in on work visa! You can start earning straight, no school fees to pay or any restriction.

Saynoomore:
Please gurus in the house, for visa purposes on this journey, is tax clearance mandatory? I have pension documents but no tax clearance because I work in a Govt Establishment and my taxes are deducted directly from the source. The income tax deducted is also shown on all my payslips.

deuoessch:


I'm not sure of that, but I think the person who issues your academic transcript will be the one who will issue that as well.

deuoessch:


Either you write IELTS or contact the school/University where you obtained your last educational certificate(s) to issue a letter attesting to it that your English skills in your educational documents are equivalent to the Central European FRamework B2 in English.
Some schools accept the latter, IELTS is just more recommended/recognised

BlossomNwafor:
Hello guys, is there anyone here going to karlshoschule international university or anyone going to karlsruhe for school, pls signify so we can talk.

Gbolahan30:
[/quote][quote author=mcutomi69 post=112948235]Hello has anyone recently gotten a visa appointment . Anyone who gets a visa appointment for winter should please update us.

mmsen:


China is not a 'developed' nation.

Education is subsidized in most countries, especially those with 100% literacy rates.

All that cheap rice that Thailand exports, you think it isn't subsidized?

Malaysia doesn't subsidize its agricultural output?


You think Vietnam does not provide subsidies for its manufacturing?

You are naive if you fail to understand that subsidies/public funds are used to build economies. Nigeria's debt profile isn't anywhere near as high as the above nations.

As to where Nigerians will get the money? Well, you people subsidize religion hence why at least 3 of the top ten wealthiest pentacostal pastors are Nigeria. As well as sponsoring religious travel.

Maybe if the Nigerian government prioritized things that matter then you might get better results but then the government is only a reflection of the populace and Nigerians are stupendously superstitious. You cannot expect the Nigerian government at any level to be rational when the people are so horrendously irrational. Fix that most basic issue first and then you might see some results.

mmsen:


America and the EU subsidize their farmers/farm products. This is why it's so easy for them both to dump their agricultural produce on the rest of the world.

China subsidizes damn near its entire economy. Hence why it's so easy for them to crush businesses elsewhere.

The entire 'capitalist' system is built on 'subsidies'.