Realguyman1:
Nor be fuel subsidy dey hold Nigeria from developing or making Nigerians not to enjoy those good things the citizens of those advance countries are enjoying, but the embezzlement of public fund by the governments of all sectors in the country. And if those embezzlement don't stop, removing of subsidy or not will not change anything but rather add more suffering upon common Nigerians.

9jaRealist:


With all due respect, it is a significant enough part of the reason…
There’s a reason why most of “those advance countries” do NOT have fuel subsidies.

Fuel subsidy distorts the market and DISINCENTIVIZES private (domestic and foreign) investment in the downstream market in Nigeria…
Meanwhile, Nigeria is EXPORTING JOBS to foreign refineries, and SUBSIDIZING/INCENTIVIZING smuggling of fuel to neighboring countries.

Further, since the subsidy regime disincentivizes private investment in refining…
Nigeria continues to deplete a huge percentage of its foreign exchange reserves on imports, and thereby weakening the Naira.

Finally, there’s no way to rationalize that fuel subsidy does not significantly contribute to the plight of Nigerian citizens when…
The subsidy budget in Nigeria is more than the capital budget for education, health, agriculture and security/defense COMBINED!
>

Realguyman1:
Shay Nigeria was competing with Uk in terms of development b4 the introduction of fuel subsidy regime, abi?

9jaRealist:


Strawman’s Argument…

Nigeria can develop much better and do much better for its citizens without “competing with UK”…
After all, Nigeria did not benefit from 400 years of slave trade and labor and over a century of colonial exploitation.

Meanwhile, of course, the UK (a major oil producer) does NOT subsidize fuel…
In fact, on the contrary, it TAXES fuel consumption to raise revenue for development that Nigerians “japa” to enjoy.
>

Realguyman1:
What strawman argument are u talking about? U know when Nigerians done dey complete about bad governance and mismanagment of public fund? Even b4 the subsidy was introduced, Nigerians has been complaining about bad governance and mismanagment of public fund.

So how came about all of a sudden, now that subsidy come dey hold Nigeria from developing?

Have u asked urself or try to read about why fuel and other subsidy was introduced in the first place?

AntiChristian:
May God Bless me in Nigeria! Same God that blessed Alhaji Aliko Dangote
May God Bless Jagaban!
May God Guide the President Elect!
May God bless the Federal Republic of Nigeria!
May the enemies of Nigeria fail and keep failing till their end!

Where is Jagaban?
Jagaban, Oyoyo!
Jagaban, Oyoyo!
Jagaban, Oyoyo!

aminulive:
By Sylvester Audu



https://politicsnigeria.com/fueling-uncertainty-investigating-nigerias-subsidy-removal-and-the-dangote-refinery-debacle/

aminulive:
By Sylvester Audu

https://politicsnigeria.com/fueling-uncertainty-investigating-nigerias-subsidy-removal-and-the-dangote-refinery-debacle/

Sunnyja:
hunger no let this one read the headline very well

chinchum:
Completion date of 2025 if true is worrisome. With subsidy removal in the horizon, i sincerely hope it is completed less than 12 months from now. It appears financing constraints is what may allegedly push the project to 2025. This writeup provides figures that appears like fact and hard to doubt, but i still hope it is not true. Completion date has been moved a lot.

karkinase:

You think say na Joke.. Dey play

Kimber35:


Yes ...he is still the king of industries..
That single man owns for than 27 different factories across the continent..in Nigeria alone he owns up to 13 industries (some completed ,others in progress..he didnt build them all with his personal money ...

Government assisted, loans were borrowed...even Elon musk didn't build his entire business empire him self ..the government assisted ..he had external financial support..


If you don't know how these industries run then rest .

Dangote's largest cement plant in kogi wasn't built entirely with his money..he had Obasanjo to help him with billions in foreign exchange and he borrowed from banks..

His largest sugar plant had CBN's billions in it..so does his many different plants..

This latest cement plant had Edo state government providing support..


He will complete his refinery the same way..it is not an odd approach.. mega projects like this are hardly financed from one sorce alone

1stGenAmerican:


You’re okay with your government backing a non-government corporation that’s basically a monopoly, even after the initial promises weren’t delivered on? K.
I would think you’d be wondering why Dangote
is entitled to what thousands of other businesses owners are not. Thanks for your time.

SCAMERICA:
Leave dangote & face the terrorists who destroy lives to entrench their monopolistic hegemony worldwide.
Oops!
You are one of their pawns - reservist isonu. 🤗





Reminder:

Degenerate western minority will no longer dictate to sovereign nations anymore. That's why dedollarization is accelerating...

broadman20:



Third quarter of 2025 read properly.

erniok:

Third quarter of which year.

Phantom233:
no be today ...same story since 2018

prophetfire:
Did you read it at all? Seems they have turned the refinery to another siphoning conduit.

tunwumi:


Hope you have been cleared now?