Seun:
As Rotus explained on AriseTV, Tinubu's inauguration speech was very good from a business POV. It 'Renewed my Hope' & made me start dreaming again.

However, PBAT's silence on the current fuel scarcity is alarming. His team should be telling him to complete subsidy removal ASAP.

Then Mr. President will be able to boast of having hit the ground running - by removing the subsidy that leaders have been trying to remove for several decades within his first days in office. The hardship we're currently facing will be the last that we will face.

If Mr. President backtracks, then his bold proclamation on fuel subsidy removal will be seen as a costly blunder that bodes poorly for our future under him. He will be prolonging the suffering of Nigerians who are currently experiencing scarcity. They will experience it all over again when he finally removes the subsidy.

The president has an opportunity to get to the finish line of petrol subsidy removal before those who would oppose it can even start organising their resistance.

All he has to do today is empower filling stations to price their petrol based on demand and supply, just like diesel. Then he should instruct the NNPC to announce that they will distribute fuel at the landing cost since the subsidy is gone. Fuel scarcity will disappear.

After the subsidy is gone, the poorest of us can be helped using a Rapid Response strategy. We can identify those who are struggling the most with subsidy removal & use the funds earmarked for subsidy payments in June to provide short-term assistance to them.

Later, Mr. President also needs to license at least 50 capable companies to import petrol into the country alongside the NNPC, duty-free. Their competition and duty exemption will prevent unsubsidised petrol from becoming too expensive.

This will be a big win for Mr. President if played right.

arejibadz:
but why must we be importing petrol can't we make way for refineries

kevapet:
Mr Seun, Now i see why you were never a fan per say of President Tinubu from wayback. It's because you are an ardent follower of the propaganda arm of Yes daddy and his obidient cult-like followers. And more so, there's no petrol scarcity anywhere. Almost every filling station here in Ibadan sells petrol. Though some of them failed to on Sunday even though they have it but i knew it was because they were waiting to hear from the new administration. I will be heading to the nearby filling station to get fuel in the next few minutes, there are no queues in many prt of Ibadan that i've been to tody i'm surprised it's entirely different thing in other parts. And then the president officially assumes office today so let's wait and see what will happen befor night falls and it's ridiculous when people point finger at President Tinubu for removing the subsidy when in actual sense it was the past government under ex president Buhari that did that. The president only reiterated the stand of the new government that the subsidy is gone with the last government and that's it. I think the subsidy still have to June before expiration or so.

M4A1carbine:
This is just the intro.

As regards compensation for the effects of fuel subsidy, ..why will people be given palliatives, when other stringent means can be employed to alleviate sufferings?

Build the dilapidated roads

Equip the hospitals

Open the freaking borders

Improve electricity supply so that dependence on fuel for generators , reduces drastically.

Improve security in Lagos, because Tinubu supporters, have started breaking car windscreens and stealing on stagnant traffic

PUT A PRICE CAP ON BASIC CONSUMABLE COMMODITIES, so people won't be exploited.

All avenues that facilities exploitation, should be exhumed and. discarded. Like AGBEROS fees on transporters. Like Police extortion on commercial motorists. Once, these are done, traders won't factor in cost of insane transportation. Thereby making goods affordable.

Let me just tell you the gospel truth..TINUBU is a Blunder, his supporters will regret the most. Day Never break,. Lamentations don start

kevapet:
Mr Seun, Now i see why you were never a fan per say of President Tinubu from wayback. It's because you are an ardent follower of the propaganda arm of Yes daddy and his obidient cult-like followers. And more so, there's no petrol scarcity anywhere. Almost every filling station here in Ibadan sells petrol. Though some of them failed to on Sunday even though they have it but i knew it was because they were waiting to hear from the new administration. I will be heading to the nearby filling station to get fuel in the next few minutes, there are no queues in many prt of Ibadan that i've been to tody i'm surprised it's entirely different thing in other parts. And then the president officially assumes office today so let's wait and see what will happen befor night falls and it's ridiculous when people point finger at President Tinubu for removing the subsidy when in actual sense it was the past government under ex president Buhari that did that. The president only reiterated the stand of the new government that the subsidy is gone with the last government and that's it. I think the subsidy still have to June before expiration or so.

Dude..don't punch above your pay grade. Everything is not useless banter, that is baseless in results. Countries put ....

Price Caps
Percentage interest
Production Volumes

.....to either counter inflation or mitigate against economic resessions. Economies that subsidise consumables, might even give tax holidays to major manufacturing firms to actually cushion the burden on the poor.

Even in that country, Muritala Mohammed instituted a price cap on consumables. So don't disgrace your self buy writing a Nonsensical reply..

Wetin pass you pass you..go play ludo.

omohayek:

Someone economically illiterate enough to think price caps will "prevent exploitation", rather than create shortages, has no business lecturing anyone else on their political choices. Your demands are the sort of nonsense even a first course in economics at the secondary school level would have made transparent.

Nightwolf1:



This one is even sick and disconnected from present realities. Is it Peter Obi that removed subsidy or your careless talking drum named thîefnubu?

kevapet:
Are you sure you are ok in the head bruv. Wetin concern me concern yes daddy. I only wrote about Nigeria president, i have no business with twitter president. so kindly GTF off my mention.

arejibadz:
but why must we be importing petrol can't we make way for refineries

otomatic:
I don't like that part part on importing fuel. It puts so much strain on our scarce FX. Or will the companies source their own FX?

jmoore:
Dangote will start supplying on July and you want govt to issue licences for others to import.

Seun:



I suggested that govt should license at least 50 companies to import petrol in spite of the existence of the Dangote refinery because I don't want Dangote to have a monopoly on petrol in Nigeria. I want Dangote & importers to compete on price. Competition is very important.

jmoore:
Dangote will start supplying on July and you want govt to issue licences for others to import.

Seun:



I suggested that govt should license at least 50 companies to import petrol in spite of the existence of the Dangote refinery because I don't want Dangote to have a monopoly on petrol in Nigeria. I want Dangote & importers to compete on price. Competition is very important.

Electorate:


Dangote Refinery is owned by foreigners, Aliko Dangote owns less than 1% of Dangote Refinery. FACT.