Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,163,453 members, 7,853,981 topics. Date: Saturday, 08 June 2024 at 08:54 AM |
Nairaland Forum / Nairaland / General / Politics / FG Now Paying More For Subsidy, But many Nigerians Don't Know - El-Rufai (40775 Views)
FG Now Pays About ₦600 Billion Monthly For Fuel Subsidy - Rainoil CEO / I Could Have Asked For My Share Of Fuel Subsidy, But God Forbid — Tinubu / FG Gets $800m From World Bank For Subsidy Removal Palliatives For Poor Nigerians (2) (3) (4)
(1) (2) (3) (4) (5) (6) (7) (8) (Reply) (Go Down)
Re: FG Now Paying More For Subsidy, But many Nigerians Don't Know - El-Rufai by Fujiyama: 8:23pm On Apr 15 |
nairalanda1: ^^^ What I 'say' isn't important. Only the truth is. No one doubts that subsidy has failed here...even though you have never, and I mean never, quantified the so called subsidy on local refining. You have always avoided that question - because you don't have an answer. But the subsidy on PMS imports will be removed eventually and your theory about 'free' markets in Nigeria will be tested in full view then. The whole point of free markets is that they bring prices down, non? You said so yourself. What am I even saying? You are already planning your escape route with your comments about how we may (or may not) get 'cheap' fuel. (whatever the hell that means). There are free markets...and then there's crony capitalism. They are not the same thing. 1 Like |
Re: FG Now Paying More For Subsidy, But many Nigerians Don't Know - El-Rufai by nairalanda1(m): 8:24pm On Apr 15 |
DeepSight: And the fact that trillions have been allocated for repairs of refineries is a sign of the massive corruption that exist under subsidy. No profit, no scruples. Whereas if they were to be run free of subsidy and at a profit, there won't be any theft. Because the theft would sabotage the profit making. Plus many capitalist countries that run consumption subsides do so at the cost of taxing most of their people. At rates that would incite riots here if implemented in Nigeria. And they don't do so on petroleum. Infact they let the petrol companies set their prices and collect tax from them on top self. And once again, Ghana and Niger have no subsides and working refineries. As do many other countries |
Re: FG Now Paying More For Subsidy, But many Nigerians Don't Know - El-Rufai by nairalanda1(m): 8:25pm On Apr 15 |
Fujiyama: Either way, subsidy has to go. Nothing like cheap fuel. Unless you want to tax every Nigerian heavily to pay for it. Reality is not as we love it |
Re: FG Now Paying More For Subsidy, But many Nigerians Don't Know - El-Rufai by TemmyT002(m): 8:26pm On Apr 15 |
These incompetent and wicked people should have just left it the way it was. |
Re: FG Now Paying More For Subsidy, But many Nigerians Don't Know - El-Rufai by DeepSight(m): 8:28pm On Apr 15 |
nairalanda1: I beg to disagree. We must agree to disagree. Your first line alone is so illogical. I dont have the strength to go back and forth with you. Suffice to say that if your theory is right, the removal of subsidies should end our corruption problems. Good night. |
Re: FG Now Paying More For Subsidy, But many Nigerians Don't Know - El-Rufai by nairalanda1(m): 8:31pm On Apr 15 |
DeepSight: It's not illogical to believe that things must be sold at a profit Sadly things cost money, even refining crude into petrol and transporting it. Subsides messes that up..as seen in Nigeria and Venezuela ( where fuel.costs 40.naira equivalent) Gut nite |
Re: FG Now Paying More For Subsidy, But many Nigerians Don't Know - El-Rufai by mokwechineme: 8:33pm On Apr 15 |
fergie001:That's how they mess with your head that you don't know to believe again What the midget el rufai did is the usual propaganda by the ruling class |
Re: FG Now Paying More For Subsidy, But many Nigerians Don't Know - El-Rufai by DeepSight(m): 8:40pm On Apr 15 |
nairalanda1: Marketers were making a profit with subsidies being paid. Good night. |
Re: FG Now Paying More For Subsidy, But many Nigerians Don't Know - El-Rufai by Fujiyama: 8:46pm On Apr 15 |
nairalanda1: ^^^ Indeed. You have been on this subsidy issue for a long, long time. But an economy doesn't exist in one dimension. You know that. You have never (and I mean never) said anything here about Nigeria's anti-trust commission and the role it should play in protecting consumers from anti-competitive practices by companies. This is what I mean when I say that there will be zero progress in any country unless it builds strong institutions. You think subsidy removal will achieve much if producers form a cartel and/or they collude to set prices? You think subsidy removal will count for anything if a sector the entire economy runs on - is dominated by a monopoly? You will learn. |
Re: FG Now Paying More For Subsidy, But many Nigerians Don't Know - El-Rufai by nairalanda1(m): 8:52pm On Apr 15 |
Fujiyama: Well, at the end, nothing like cheap fuel. God knows I wish it was otherwise |
Re: FG Now Paying More For Subsidy, But many Nigerians Don't Know - El-Rufai by kunyeo(m): 8:53pm On Apr 15 |
ONCE YOU ARE NOT IN GOVT,YOU BECOME AN OPPOSITON LEADER! |
Re: FG Now Paying More For Subsidy, But many Nigerians Don't Know - El-Rufai by toujurs: 8:55pm On Apr 15 |
Kay25:so why are you scared this coward, if your candidate was doing well. Would you have been worried. It just tells, how stupid you all are supporting a druggie. If tinubu was actually performing, would you have been concerned about anything P.O was doing to gain audience for 2027 election. Bunch of illiterates, instead of promoting your candidate achievements so far, you are attacking P.O, Obviously your candidate has nothing to show for it. Even the so called northerners that helped him win through the back door have all lost interest in him. I hope tinubu smells 2nd term . It will be a shame if he gets kicked out by the north. 1 Like |
Re: FG Now Paying More For Subsidy, But many Nigerians Don't Know - El-Rufai by nairalanda1(m): 8:55pm On Apr 15 |
DeepSight: Lol, because government wasted billions selling fuel to them cheap Meanwhile, no one wanted to refine or invest in refining. When you refine fuel at one price and government tells you to sell at a loss and then pays a subsidy that don't cover the loss And when the cost of refining goes up and thus subsidy costs, at the end, government starts going into debt to pay for the subsidy A large amount of debt. There is nothing like cheap fuel. Something is lost when fuel is made cheap. We lost 4 refineries.as.a result. You don't help the poor with price controls. Ask the USSR. And Venezuela. |
Re: FG Now Paying More For Subsidy, But many Nigerians Don't Know - El-Rufai by MichaelSokoto(m): 8:56pm On Apr 15 |
Shots fired! 2027 don set! |
Re: FG Now Paying More For Subsidy, But many Nigerians Don't Know - El-Rufai by Bluntemperor: 8:57pm On Apr 15 |
We are aware, provided your Fulani brothers could not do better for 8- years but was just signing appointments that was in your favour. We expect you to come and answer your questions with the National Assembly- how the Southern Kaduna became the bloody,with so much blood during your reign,while you were the Security Officer in charge! In addition,tellus how much you left in the State purse- Naira and Foreign Loan! Nigerians wants to hear your defense,not on god-father - who cares! |
Re: FG Now Paying More For Subsidy, But many Nigerians Don't Know - El-Rufai by MichaelSokoto(m): 8:59pm On Apr 15 |
BATidiots are truly foolish! 1 Like |
Re: FG Now Paying More For Subsidy, But many Nigerians Don't Know - El-Rufai by mrkia(m): 8:59pm On Apr 15 |
Hypocrite |
Re: FG Now Paying More For Subsidy, But many Nigerians Don't Know - El-Rufai by Dminister(m): 9:05pm On Apr 15 |
Now paying for subsidy is game. They are all scammers. He was sent to say this 1 Like |
Re: FG Now Paying More For Subsidy, But many Nigerians Don't Know - El-Rufai by DMerciful(m): 9:06pm On Apr 15 |
I told you guys, LegendHero esp that subsidy is still being paid and thats why the price of petrol is stable even though high, but you guys were deceiving yourselves. The chicken has come home to roost helinues: 2 Likes |
Re: FG Now Paying More For Subsidy, But many Nigerians Don't Know - El-Rufai by Vision101(m): 9:08pm On Apr 15 |
nairalanda1:In any policy there will always be room for self adjustment. There's no way the government would have allowed such a sensitive product to the swings of the open market. In principle fuel subsidy is gone but the government has allowed self adjusting mechanisms. This means that if the exchange rate adjusts then the government adjusts it from the subsidy and if the refinaries start production then the price will be adjusted from the price of crude sold to them. There will be no major adjustment of the open market price of the product. |
Re: FG Now Paying More For Subsidy, But many Nigerians Don't Know - El-Rufai by amaridigital(m): 9:11pm On Apr 15 |
sokera: Elrufai is late to the dinner table. Who cares if there is subsidy? Obedients and Atikulators were crying that the time for the subsidy removal was wrong anyway so who cares? It now occurs to El Rufai that the Government seems to be getting few things right and the economy will improve, thus, his cheap jab at the Government for paying subsidy. Na today day break? A word of advice for Elrufai. I expect you to form an unholy alliance with the obedience and their yes daddy principal plus the Dubai landlord immediately in opposition to the Tinubu Government. I want to really check something. You have seen the handwriting on the wall and nobody is hiding it. This is truly Emilokan Government with the mandate to transform the nation. This is the Government of omoluabis and other patriotic Nigerians who wish the country well. I want to tell you one secret Mr Elrufai including the unfriendly friends of Nigeria and the emergency lovers of Nigeria. We the Yorubas above the age of 40 years knows that this will be the only Government headed by a Yoruba we will witness in our lifetime and we are glad Tinubu gave us enough Representative opportunities in this Government. We can beat our chest that if Tinubu fails, the whole Yoruba nation fail. We do not expect another Yoruba led Government until 2055 except their is military intervention or a return to regional Government which is unlikely .That's why all Yoruba technocrats, industrialists, Traditional leaders, Religious leaders, those in the diaspora, entertainers and all of us must join hands together to deploy everything we've got to make this project work. I'm sure friends of the Yorubas across the nation will support us while our sworn enemies will wish we fall. There's a lot at stake. Elrufai is fighting a battle bigger than himself. The only alternative to a united and prosperous Nigeria is a broken or fragmented one and for your information, we are equally prepared for that if that is what it takes. You will be surprised. |
Re: FG Now Paying More For Subsidy, But many Nigerians Don't Know - El-Rufai by iamjavadem(m): 9:19pm On Apr 15 |
I dislike this guy.....but.....he usually ends up being right. Time will tell. |
Re: FG Now Paying More For Subsidy, But many Nigerians Don't Know - El-Rufai by theowane: 9:20pm On Apr 15 |
datola: Grammar everywhere 😃 2 Likes |
Re: FG Now Paying More For Subsidy, But many Nigerians Don't Know - El-Rufai by BeardedMeat(m): 9:21pm On Apr 15 |
CrossRhodes:The same lovers of Nigeria that raped her to stupor with fantastic corruption. |
Re: FG Now Paying More For Subsidy, But many Nigerians Don't Know - El-Rufai by Fearyourcreator: 9:29pm On Apr 15 |
AqualinaXYZ:Cry cry baby |
Re: FG Now Paying More For Subsidy, But many Nigerians Don't Know - El-Rufai by DeepSight(m): 9:33pm On Apr 15 |
nairalanda1: GOOD NIGHT |
Re: FG Now Paying More For Subsidy, But many Nigerians Don't Know - El-Rufai by DeepSight(m): 9:41pm On Apr 15 |
amaridigital: We don hear, but please and please let "your" government do something about inflation. Its killing the people. |
Re: FG Now Paying More For Subsidy, But many Nigerians Don't Know - El-Rufai by soccerlite: 9:45pm On Apr 15 |
When the devil incarnate speaks |
Re: FG Now Paying More For Subsidy, But many Nigerians Don't Know - El-Rufai by chasteman(m): 9:46pm On Apr 15 |
I believe what u say but why are u saying it, that's what I don't know. Politicians, when they have ambitions, they will leak out a bit of what is going on in the current government but when they get there, they will be the worst. That was how BUHARI criticize GOOD LUCK, |
Re: FG Now Paying More For Subsidy, But many Nigerians Don't Know - El-Rufai by oluwole4Jesus: 10:00pm On Apr 15 |
Baba himself, the only Jagaban told us that subside is gone. Where is this subside is coming from again What for? He should come up as say it again that subside as come back. We are not mumu. |
(1) (2) (3) (4) (5) (6) (7) (8) (Reply)
Tinubu: 5 Northern Governors Promised VP Slot For Power Shift / Anambra Election: "Vote & Die" Charms, Juju At A Pooling Unit (Photos) / FG Warns Kukah Not To Divide Nigeria
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 54 |