tunwumi:


I don't agree with this, the responsibilities of FG in enomorous while we have many state governor that think their only job is to pay salaries.

in 2014, the federal govt was the issue when we talked about subsidy. The state govt's actually more like protested against the govt both for subsidy and for the excess crude oil account. Most of said the federal govt was the problem.

All of a sudden, it is the state govts that is now the problem.

It is all hypocrisy to me

blackpanda:


Even in south africa it's about $3 per liter (N2250)

What's the minimum wage in South Africa? You people would just come here and be making useless comparison. If the minimum wage in Nigeria is 100k, put fuel at 1k per litter and no one will complain.

Difrent:


Yes they could have those things because they dont waste billions on petrol subsidy....they instead have effective transport system thats affordable.
The moment we stop petrol subsidy, some of these things will become achievable

Can you explain how the subsidy they removed from kerosene and diesel have impacted on our ailing economy

blaqtom:

If our refineries are working we suppose pay subsidy? It’s just pure wickedness since 2015 we have been on this issue why did they not use that time to start building a refinery and repair the ones we already have to meet demands ……

Subsidy issue didn’t start in 2015. It started since 1979.

We lack foresight and the will to remove it, not until now that it wants to sink our nation. We should have been removing it in piecemeal since 1979. By now, it should have been over. Saudis dem don remove their own since. Mr hose collecting trillions in subsidy on petroleum are not up to 200. Their cronies not up to 2000.

ezegenigbonine:


But they pay so many subsidies for there citizens, UK for instance care for all the old citizens, pay care companies to take care of them, pay care companies to take care of disability citizens, pay mother of twins, pay all citizens without employment etc.
So please don't compare at all, travel and see.

Lies

Ykc2:
🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣keep deceiving your self ,after you go and cue for western embassy to look for visa,anyways if una like make una make shekau una president na una problem I dey austria dey enjoy

You're in Austria thinking you are enjoying life?
You must have been born into an utterly wretched family to think you are enjoying in that 3rd grade freezer where you are slaving away.

ben1daEbiri:


It seems they have a union that decide how much increase in price of a commodity in a month. The increase isn't a one off, they do it incrementally so people still buy without paying much attention to it. This method helps them to attain their goal to make an increase within a minth for any commodity for as much as they want. Let's say they want to increase price of a commodity from #2000 to #2500, they know people will kick again that or not buy at all so they increase the price by #100 or so every market day; by the end of the month they commodity will be at #2500. This tactic is the reason why so many commodities in the market increase almost everyday. Like I said if the market women don't become reasonable they'll also be affected as people won't even have enough to buy these items, just like what's happening to poultry farmers with eggs. Again we need to help ourselves, dark times ahead

very unreasonable of them. Greedy mind. It seem Landlords has also join the league of this kind association too here in asaba. They keep increasing rent yearly and when you go round with the intent to change house it's then you discovered the increment is general. Once you see Nigerian selling commodities or service forming association, be weary is to exploit the people not to check standard as they normally say. Nigerian are the real prb of this country

Infomaz:

Imperialist economic prescription. Imagine the twin effect of subsidy removal and increased taxation in an economy that hosts one of the highest concentrations of the poor.

Any suggestion that the money saved would be used to help the economy is balderdash... The same argument right from the days of IBB.

I agree that the subsidy should be removed but only after our refineries are functioning again. Otherwise, inflated figures for imported petroleum products would necessitate a new subsidy regime.

As for increased taxation, it is the height of wickedness on an already pauperized masses with record level unemployment and poverty.

A better approach would be to improve the productive capacities of Nigerian economy through agrarian revolution, regular power supply, SME financing, etc.

The cost of governance should be drastically reduced starting with a unicameral legislature, slash in salaries and other benefits, a removal of the outrageous and evil pension for governors and their ilks, etc.

Taxes do not have to be on poor people. Taxes can be on properties, vehicles, clothes, and VAT. these taxes will limit the burden on poorer Nigerians and focus the collections on our rich. if taxes are not applied, the Naira will crash again leading to the reintroduction of subsidies.

SmallDick99:
What do u know about Austria?

Nigeria is better than Austria right

You don't seem smart; sorry!

Will you shut up and stop defending rubbish.
Even if someone is to travel somewhere, WTF is Austria?
If not that poverty has destroyed the reasoning of a lot of you, you are hyping Austria. Spits.

highchief1:
of course we are first Nigerians before joining parties.

Yes you're right

OkayDaddy:


You're in Austria thinking you are enjoying life?
You must have been born into an utterly wretched family to think you are enjoying in that 3rd grade freezer where you are slaving away.

but I still dey dash people money for lagos your eldorado state

Only if we have more refineries will things be fine. Have you seen dangote sugar lately, the quality and finess is absent, looking dirty. With our hope on dangote we might not achieve much

tunwumi:
The currency will be stable as the loophole of subsidy payment will be blocked. But the main issue is the purchasing power within the economy as the price of fuel may be around 450-500.

Most Nigerian are unreasonable in commodity pricing, they are on the exploitation campaign. This is subject to a lot of uncertainty but the removal must be done. The government will have a lot of money at hand to spend with the removal.

We have to close mark the state governors as they will become wasteful due to surplus funds.

It will make a lot of sense if Dangote refinery can also come on stream. It will help to control the prices as transaction will be in niara.

Tinubu is not Buhari.

OChimex:


Na only Nigerians go wan fly airplane, then come dey go motor park to wait for him flight: and when him flight no show, him go begin pray to God to bring him plane come motor park.

Keep being optimistic about Tinibu, it’s good.

You only expect a different result when you do things differently.

tunwumi:
There is no government that is honest. Jonathan's government was not honest at all.
Oil went high to $147 and he met $50B external reserve, he didn't fix anything instead he was busy Sharing to fellow thief.

I don't believe in Buhari nor Tinubu nor 👿 Obi himself.

They are all alike. If you read animal farm by George Orwell, you will understand. It is merry go round

What are you even saying

Did they have all the things you listed with subsidy

Dafresh:

All those advance countries have stable electricity, good health care system good roads everyone is equal

Bfly:
Looking at how subsidy removal may cause hyper-inflation what is the possibility of those lesser Nigerian currency surviving because fuel at almost 750/litres may aswell wipe out #20 downward. This subsidy of a thing is getting real.
Imagine life after subsidy removal.

why can't Nigeria just reach a win win agreement with dangote refineries over this fuel matter,I mean crude oil should be sold to dangote at an agreed favourable price so that they can supply Nigeria with refined products at favourable prices too.

Divoc19:
Tinubu is not Buhari.

So what’s the difference?

😂

Him don disappear for almost a month now for medicals. A president-elect. And who is going to be running his government when he disappears like this, when he becomes president?
Your guess is correct, vulture and scavengers will be running the show anytime he disappears from Aso Rock

Nigeria will surely miss Buhari

Ventura1:
After subsidy removal, FX rate is expected to fall, especially with the coming on stream of Dangote refinery. Daily petrol consumption figure will drop drastically.

Initial shock is expected, but overtime with govt. interventions, things will stabilize.

You mean government intervention which is another form of subsidy that will only cushion the effect for a brief time but will eventually be removed and the whole effect will be on poor nigerians....?

A serious government would have build and provide for the subsidy removal over time with amenities (such as good roads, stable power supplies, mass transit buses, buoyant health care facilities) that will help the citizens overcome the challenges...
The question is that how exactly has the taxes government have been receiving over years be of help to the citizenry?

Divoc19:
Let them bring it on. We are ready for anything . Am optimistic about this new government though

You are optimistic that a drug dealer with questionable character, who taced lagosians to the bones will make Nigeria better?!

Difrent:


Yes they could have those things because they dont waste billions on petrol subsidy....they instead have effective transport system thats affordable.
The moment we stop petrol subsidy, some of these things will become achievable

You are as daft as they come. Even if you remove fuel subsidy and don't kill corruption in other places, the fuel subsidy removed will still be looted by another person in government.

How good and pleasant would this have been if the money recoup from subsidy removal can be used to provide basic amenities for the masses, but heaven knows the vultures that benefitted from the subsidy will regroup to feed on the proceeds.

Difrent:
We will adjust with time. One thing you can never take away from Nigerians is resilience.
All those advanced countries our people rush to have dumped petrol subsidy decades ago...

you dey compare Nigeria to real countries?

And minimum wage is how in dollars in South Africa??.

blackpanda:


Even in south africa it's about $3 per liter (N2250)

blackpanda:


Even in south africa it's about $3 per liter (N2250)

Very myopic personality
What is the minimum wage and standard of living in south africa.
Pls use realistic data, we are not in any way close to SA in terms of favourable economic indices

PulaPower:

Lies

Hmmm, I don't need to tell you were I reside right now but bro travel and see and ask google ok

tunwumi:
The currency will be stable as the loophole of subsidy payment will be blocked. But the main issue is the purchasing power within the economy as the price of fuel may be around 450-500.

Most Nigerian are unreasonable in commodity pricing, they are on the exploitation campaign. This is subject to a lot of uncertainty but the removal must be done. The government will have a lot of money at hand to spend with the removal.

We have to close mark the state governors as they will become wasteful due to surplus funds.


It will make a lot of sense if Dangote refinery can also come on stream. It will help to control the prices as transaction will be in niara.

u are a fool for believing all u read from Nigeria dailies. But u are one of the idiots that went rampage in 2011 against GEJ. U fools can only learn in heaven. Ẹyin oponi ọmọ!

Ok let me explain,
The politicians, the bureaucrats(public servants) and their cronies are the greatest beneficiaries of the subsidy, the Nigerian masses are "name dropped" & gas lighted to enable them steal. Refineries working means blocking their revenue. The worse happened in the last 8 years - free-for-all of them including the crude. They went beyond subsidy, crude sales proceeds ended in individual pockets. To cap it all - NNPC have changed from National asset to private asset owned by individuals & nobody is asking any questions.

Blackdeewhy:
Till this very moment, I find it difficult to know that an average guy in Rivers state boil/ produce petrol from crude oil (bunkering).

Yet our federal government CAN'T to make life easier for it's citizens.

Can somebody please explain to me?

Tareq1105:


Yes, we expect Dangote refinery to come up to assist and that's why Fed Govt bought into it, and this was achieved by buying 20% of its shares, and signing agreement to sell 650,000 barrels per day of crude oil to Dangote refinery in Naira while Dangote refinery would also sell to Nigeria market in Naira in return and not in Dollars.

I can see our currency (Naira) regaining its strength bcoz according to NBS, 65% of our foreign exchange earnings is spent on importation of fuel.

In addition, the Tinubu that I know would make a very big difference in the running of the economy.

I said this bcoz, right from the time of Obasanjo, Fed Govt watched industries folding up without assisting them to survive. The resultant effect is the unemployment we're witnessing today.

Tinubu has recovery plans for our ailing industries and to bring in others to establish industries.

May God guide our leaders to the path of a prosperous Nigeria.

I was taking you serious until you started mentioning the fraud Tinubu.

Tareq1105:


Yes, we expect Dangote refinery to come up to assist and that's why Fed Govt bought into it, and this was achieved by buying 20% of its shares, and signing agreement to sell 650,000 barrels per day of crude oil to Dangote refinery in Naira while Dangote refinery would also sell to Nigeria market in Naira in return and not in Dollars.

I can see our currency (Naira) regaining its strength bcoz according to NBS, 65% of our foreign exchange earnings is spent on importation of fuel.

In addition, the Tinubu that I know would make a very big difference in the running of the economy.

I said this bcoz, right from the time of Obasanjo, Fed Govt watched industries folding up without assisting them to survive. The resultant effect is the unemployment we're witnessing today.

Tinubu has recovery plans for our ailing industries and to bring in others to establish industries.

May God guide our leaders to the path of a prosperous Nigeria.

And this rag is still blaming OBJ...the president under which Nigeria seem to have a direction including the economy. But he left out Buhari who has destroyed Nigeria beyond redemption in 8 years.
Apc supporters like you are accursed forever.

highchief1:
I support apc too but I haven’t lost my senses.

You have lost your sense.
No sensible human should support Apc.

Tareq1105:


Your points are valid.

I would like to believe that Tinubu would be decisive. He's aware of many issues that are begging for answers. He's said it that he was prepared for the assignments.

He said he was the most prepared candidate for the job. Let's take him for his words and see how he would achieve the goals of making a serious impact.

My take is that Tinubu would not allow things to get worse than we have now by reason of the caliber of Nigerians he would assemble for the task of recalibrating the country economy and development.

Tinubu that I know wouldn't sit back and be watching his players (Ministers & Heads of Agencies & Govt Appointees), he monitors and steps in when necessary. Also, Tinubu fires once an appointee fail to deliver.

This is what is missing in Buhari government. Buhari hardly fire. Buhari would tell you what to do and he would just assumed you're on course. No monitoring of performance of Ministers DG CEO and other appointees.

Obasanjo and Jonathan tried a lot on monitoring of government appointees and their performance. Buhari didn't do well here.

He didn't rejig, Ministers became landlords in their ministries, some for 8 yrs while some for 4 yrs.

No reshufflement of Ministers, no fear of being removed, thereby making them kings in their respective ministries.

Tinubu would not take any of these.

The same tinubu whose exports to South-west states whom he made governors were nothing but failures. From Aregbe to Dapo abiodun to fayemi...
Ori yin tii buruu sir
E tii yaa werey

Acidosis:


Since we are on a conversion spree, do you also know that the minimum salary of a domestic worker in South Africa is R2,929 (N74k)?


nowhere in South Africa is a litre of petrol sold for $3. The correct price is$1.3.

God bless you jare.