backbencher:


1.There would be more refineries built which would provide more jobs for the poor and middle class.

2. More Forex saved, which means improvement in value of naira.( Not to level of one naira to dollar tho)

3. More money free in the budget

4 All those rich benefiting from subsidy scams and smuggling would no longe benefit.

5. Nigeria could become an exporter of refined product

6. Competition brings prices down ( as seen in the GSM sector)

Abdoolbuster:


Lmao, not all of us usess gas or kerosene? Use your head sir/ma
All of us should ask for subsidy on all Petroleum products. As for your generators it is your choice

Abdoolbuster:


Lmao, not all of us usess gas or kerosene? Use your head sir/ma
All of us should ask for subsidy on all Petroleum products. As for your generators it is your choice

obailala:
All these are beautiful empty promises of paradise which can never materialise in the Nigerian stage because we're dealing with governments made up of degenerate idiots and kleptomaniacs. Even if subsidy was removed 10 years ago, the government still would not have built or fixed any refinery.

Since 2012 when they attempted to first totally remove subsidy till date, the amount of money the different administrations have borrowed, if they truly had any intention to build or fix the refineries, these things could have easily been done a long time ago.

mediainc:

You think they will build, for how many years now they have been promising to build, build first before removing fuel subsidy.

ThankUJesus:

Op, they know what they are doing, Dangote will not sell 162 naira, if the price is n500 per litre today, Dangote will start production tomorrow... All this litany of spending billions of naira is to favor Dangote, I wonder, if we import fuel and sell it N162 , I don't know what Dangote want it N350 before he sells it.

ThankUJesus:

Op, they know what they are doing, Dangote will not sell 162 naira, if the price is n500 per litre today, Dangote will start production tomorrow... All this litany of spending billions of naira is to favor Dangote, I wonder, if we import fuel and sell it N162 , I don't know what Dangote want it N350 before he sells it.

Abdoolbuster:


Sometimes I wonder where you guys get your delusions from, no apologies I mean what I typed.
The rich are the importers of petrol, they collect subsidies on imported products yet many of them don't even sell it here in the country however according to you that should continue. Why are there no subsidy on cooking gas? Why is there no subsidy on diesel? So you mean that those who uses these products are less Nigerians? Tell me what is lame again. Users of cooking gas has been paying for it, users of diesel has been paying for it so why should the users of PMS not pay completely for it?

ThankUJesus:

Op, they know what they are doing, Dangote will not sell 162 naira, if the price is n500 per litre today, Dangote will start production tomorrow... All this litany of spending billions of naira is to favor Dangote, I wonder, if we import fuel and sell it N162 , I don't know what Dangote want it N350 before he sells it.

datopaper:
If president Buhari did not remove subsidy, it means he fail totally. So to prove he makes progress he has to remove it.

Remember when he is coming as president, he said 'there is nothing like subsidy.

And to also add, he has paid more money for subsidy than any other Presidents but I will appeal to him not to remove subsidy at this time and they should not transfer #5,000 to any person.

I supported PFN on these totally.

God bless Nigeria,

ogododo:


Next level never start ooo. No be all of una dey cry like person wey dem commot bread, dey cry subsidy na scam.

backbencher:


Because dangote won't be refining fuel for cheap

He has loans to service plus he has to pay his workers industry comparable salaries , then the refinery needs maintenance and upgrading on regular basis an expansion too.

And he cannot do that by selling fuel below the. n200 ( my estimate, someone put it at 188 naira) that it would cost him to refine one liter of fuel.

And goverment is not going to dash him money to do all that. All they are willing to do for him is sell crude to him in naira , not dollars.

Same for the 4 refineries under construction and the 20 waiting to start.

It is called doing business. After all, would you sell at a loss to help the poor if you were a businessman?

Ever wonder why private universities fees are that high? Goverment does not pay their staff salaries or overhead or provide money for them to build facilities. They have to raise all that money themselves. Ditto for Dangote refinery.

blackpanda:
I know na.
They rather wish it was tithe

obailala:
Jonathan should please go sit in the gutter; he was a very useless president. The fact that buhari has proven to be a worse slowpoke doesn't still make me miss Jonathan. No failure deserves a second chance!

ThankUJesus:

I like this your summation, ' private university fees are high' , OP , let Federal government build refinery, that is end of Dangote refinery, because Federal will sell cheaper, nobody will buy from Dangote. Op, let me tell you Federal will not built refinery because that will mark the end of Dangote refinery production, let Nigeria rise, today we cannot buy cement produce in our country... What a shame!

1nigeriamyfoot:


But there's possibility we would have a better man in 2019 compared to this disaster called Buhari should you guys turned back against Buhari

Enjoy your Changi

obailala:
I didnt support BUhari in 2019, and I wasn't also going to support the rogue brought forward by your PDP. I washed my hands off the 2019 election.

2tpick:


Baba don't mind them. Idiocy is a non-maskable trait. He claimed no failure should be given a second chance but he voted buhari twice.

backbencher:


Am not a fan of GEJ but he was right about fuel subsidy removal. ( Infact his regime opened my eyes to the damage of subsides and turned me from pro subsidy to anti subsidy )

But the thing is, no matter what regime proposes fuel subsidy removal, whether military or civilian, Nigerians will still say no

jornwhite:




What are you even saying, how many times govt wan dey remove ... from 97 to 145 was that not subsidy, then we had 165
Our leader are bunch heartless people, subsidy removal as become there reliable format to scam nigerians, how many times dey wan remove subsidy

backbencher:


Because dangote won't be refining fuel for cheap

He has loans to service plus he has to pay his workers industry comparable salaries , then the refinery needs maintenance and upgrading on regular basis an expansion too.

And he cannot do that by selling fuel below the. n200 ( my estimate, someone put it at 188 naira) that it would cost him to refine one liter of fuel.

And goverment is not going to dash him money to do all that. All they are willing to do for him is sell crude to him in naira , not dollars.

Same for the 4 refineries under construction and the 20 waiting to start.

It is called doing business. After all, would you sell at a loss to help the poor if you were a businessman?

Ever wonder why private universities fees are that high? Goverment does not pay their staff salaries or overhead or provide money for them to build facilities. They have to raise all that money themselves. Ditto for Dangote refinery.

backbencher:


They were not telling the whole truth when they said they were removing subsides

What they were doing was reducing the amount of money spent on subsides.

This manifested as an increase in price of fuel.

Has been on since 1981 when fuel was 15 k a liter then it went up to 35 kobo a liter.

Also we pay for subsidies from crude oil revenues. Removing subsides partially always coincides with fall in crude oil prices and by extension revenues.

jornwhite:



I understand it is business, buh there is a disparity between local production cost and int'l production cost, considering some indirect cost would cease to exist
The number one benefit of local refinery is minimal sourcing & use of foreign exchange, considering needed raw materials are locally mined, all dangote have to do is produce enough for local consumption and exportation, profit is certain.
If our govt are sincere i don't see why dangote should sell using dollar rate for what is locally sourced & produced

jornwhite:





If they haven't being telling the truth all along what makes you think they are now or maybe truth doesnt just exist in their dictionary, even if it becomes #400 now, tomorrow they we still tell us they want to remove subsidy again, the govt now sees subsidy as the surest way of cashing out and we as people must not fold our hands n watch, i am over 30yrs n never benefitted anything from nigeria govt directly or indirectly which is same for most nigerians ... if subsidy will be our only benefit so be it, they can't make life harder cos already things are worst. we just have to stand n resist them

Nanaborga:
We need to protest to show our displeasure over this plan looting by the ministers of finance and humanitarian affairs . I and all the people I’ve discussed this with don’t know anyone that have benefited from this fraud scheme , in previous poorest of the poor sharing .

backbencher:


1.If you went to a government school, you probably paid subsidized fees. I went to a private primary school. The fees were five times what I could have paid at the local government primary school. And my parents had to do side hustle well well to afford it. (it was the 1980's when times were very very hard). of course...by the time it was time for secondary school..na government school I go.(lol)

Even universities if you went to government university, you paid very cheap prices. See private university...it costs millions.

2.If you went to a government hospital, you benefitted from subsidized care. I was admitted in a private hospital some years ago...my choice, because of quality of care...and they chopped my money well. If I went to government hospital, I won't have spent much.

Even this malaria drug you see here...try buying it abroad...you will cry.

NHIS, PHIS, subsidies your medication prices and many medical proccedures if you are on both schemes.

Even operations in many government hospitals...are heavily subsidized.

3.Power is subsidized in Nigeria...yes o. Even with private companies now running the thing. If it wasn't, na N100 or more per kwh you would be paying.

backbencher:


In other words, you want Dangote to sell at a loss so that you can have 'cheap fuel'

It does not work that way, or why would Niger Republic, who has a refinery, be selling oil for N378 per liter?

A refinery costs a lot to maintain, repair, and renovate.

Plus, Dangote is going to

1.Pay back the loans he took to build the refinery

2.Expand the refinery...there is still some additional expansion planned once the refinery is finished over the next ten years.

3.Maintain and upgrade the refinery...and since Nigeria does not manufacture most componets for the oil industry, he would have to import the stuff.

4.CRUCUALLY...pay staff at industry level. Not at Nigerian level, where he would be paying worker N20000 a month, and be happy. All those people going to work at Dangote expect to be paid industry level salaries...not poor salaries.

5.And he has to find the money for all of that...government is not paying his staff salaries (it is because government pays the salaries of government university staff that they can afford to set fees as low as N25000 per session there. If university staff had to rely on revenue earned by university for their salary...that means fees go up or lecturer earns N10000 monthly. ), or giving him land free of charge, or giving him crude free of charge (otherwise they won't be able to pay the workers extracting the crude). All they can promise is that the crude they wll supply the refinery with would be paid for in Naira, and that's all.

jornwhite:




why would you have to convert niger fuel price to naira to make a point, it would have made sense if our currencies were equivalent, for instance #1000 would become useless if convert it to dollar less than $2 what can that possibly buy.

If we can import n sell below #200 there is no excuse valid enough to make dangote sell beyond that prices, is just like expecting innoson motor to be more expensive that toyota does it make any logical sense, considering local production
Every country has it own minimum wage which is applicable to local labour, except from the hired foreign experts i don't see dangote paying nigerians by foreign standard, e be say you no know as e dey go, nobody is overpaying.
If dangote sell fuel #350 whereas we can get it #188 via importation then whats the essence of local refinery, local production promote lower price @steady supply that what economic textbooks taught me.

jornwhite:





i went to private schools all thru my life, speaking of public school did my 1st degree in public uni, do you actually believe govt is subsidying the fee numbers do the subsidy, back in the 90's & early millineum lots of kids were enrolled in public school, you go hear jss 1 wey carry (a-z) same goes for other classes.
Just 100level of a public university covers the total population of people that can be found in a private university .... do the maths with numbers if govt is not making more money, anyone that understand the logic behind turnover sales we under what am saying, b4 lizzy boutique sells one stock finish emeka @ yaba have sold 5 stocks.

2. My blood works in FG hospital i enjoy nothing, the last time i was there we bought everything they used naa only bed we no buy come, private is expensive cos numbers of patient a govt hospital will admit in a month is probably what a private university will admit in a year ... do the maths

3. You forgot to give reason why power should be expensive, are we importing power just like crude . are people enjoying what they paid for, do i have to remind you of estimated bills, you travel out come n still recieve bill alert for a house shut down, who is shortchanging who, how did you arrive @ #100 per kwh.
In a country like nigeria and with the greed set of leaders we have + the system itself there is nothing like underpaid bills /charges