Abujaexpress:
It is better to suffer it at this early stage and enjoy and the later stage

obi58:


Oga I will keep arguing because already we are already heavily indebted so the IMF arguement doesn't hold water. If government can hurriedly apply for $800m loan few days to handover why can't they borrow to sustain subsidy until Dangote starts supplying domestic fuel?

Is it that there are no economic analysts in government to see what impact this will have on the country?

SalamRushdie:
This is not a good sign the first reaction to his govt is Fuel scarcity, Nigerians have started suffering from day 1 of Tinubu govt ..This is not a good sign , let's see how the first week goes

SalamRushdie:
This is not a good sign the first reaction to his govt is Fuel scarcity, Nigerians have started suffering from day 1 of Tinubu govt ..This is not a good sign , let's see how the first week goes

SalamRushdie:
This is not a good sign the first reaction to his govt is Fuel scarcity, Nigerians have started suffering from day 1 of Tinubu govt ..This is not a good sign , let's see how the first week goes

Bobloco:


Oga stop typing gibberish

Tinubu, from day one has already thrown the entire country and its citizens into suffering

ibtommy:


Keep your dirty mouth shut, bro. No dey disgrace yourself like this. Age dey your head o. Better to suffer than to be deceiving ourselves and enriching some rich men's (,or cabals') pockets. Enough is enough!

MisterBanny:


Even if one litre na 1million, I go still dey drive my Car steady

MacMillz:
If it was to be Peter Obi it would have been a sign to greater things I guess?

nairalanda1:


Answer my question first.

nairalanda1:



If you were selling bread that cost you say 1000 naira to bake ar 1500 a loaf, would you support goverment setting the price of your bread at 300 a loaf to help poor people?

Be honest

inoki247:




So one day the Govt must be bold enough to remove the thing and deal with any filling station that try to take advantage of people....


Go to Neighboring countries they're not selling dere own fuel they all prefer to snuggle from Nigeria and sell to people inside Keg....

And na still our people they steal or buy the fuel carry am cross border go sell ...



Any filling station that hoard fuel should be dealt with the indiscipline is just too much other Africa countries will start something and you will never see any crisis or them wanting to rip themselves....

freshkpomo:



Ogun go soon kill you mumu, if the government can't convert our crude oil in Niger delta to fuel for us let them leave it and allow indigenes run their thing. Lastly your example is stupid and only a little baby will make such useless comparison without comparing raw materials you dog... The bread will soon reach 10k let's see how transport will affect food, many of you dumb Yorubas and Muslim almajiri will be the first to beg for bread when the hunger starts.

deavicky:
cost of importation is what gave rise to cost of fuel not directly cost of production.

SalamRushdie:


He should have just kept quiet

Cromagnon:
today, next year, what's the difference. Better to rip the band aid off

tomoregie:
Removal of subsidies indeed Make I bend if Tinubu removes subsidies fully. this panic-mode will enrich fuel marketers for at least 2-3 months before Tinubu back-tracks into semi-fuel subsidies. Things Tinubu/Shetimma should do with immediate alacrity

1: dissolve NNPC and keep a single 10-man office in each oil producing state to monitor and account for revenue-inflows, remove Buhari's daughter from the board of directors (non-executive)

2: enact law by executive order to reduce allowances to senators and reps by 95% to reflect exactly what the poor and struggling are facing

3: spark true industrialization by forcing the Chinese to improve knowledge-transfer and open up factories in Nigeria or better yet, give loans and infrastructure support to local producers

SalamRushdie:


This is exactly what you said with Buharip

Agadinaagwuofe:


Don't mind all these people. The announcement was ill-timed. No matter the intention, the inflation, panic-buy and hoarding will sky rocket and a place like Nigeria it will take time to get all the outlets to regulate back to normal price so we are going to witness disruption in peoples living for few days or perhaps week and these will bring untold hardship. Everyone agrees on the removal but the process of removing it should be as important as the removal and you can't just wake up and announce such. Buhari has set a lot of bobby trap for BAT government, I hope and pray he will have enough wisdom and man power to navigate them and make good decisions.

SalamRushdie:


Did his talk today Trigger buying panic buying and hoarding today or not ?

Does he even have a petroleum team in place to strategise on how to mitigate the confusion that would follow ?

My guy he should have shut up and let action speak !!!!

Obaaderemi2:
Is it that you people don't read or you are just mischievous? There's no provision in the budget for fuel subsidy beyond May! It ends in May. June is just tomorrow. So Even without his announcement panic buying and hoarding will still happen. It's now up to him how he handles it. Nigerians are their own enemies.

SalamRushdie:


Too Ill timed , he didn't need to speak about bit yesterday at all , I mean he hasn't even reached his office to know the entire situation of things on ground and hasn't even put a single petroleum strategy team in place .. Today he go to work late and start calling the NNPC boss to ask him what is going on

nairalanda1:


Lord, this one does not get how destructive subsidy is.

Am out.

Bobloco:


Keep Shut if you don't have any to say

Subsidy benefits every one, both the Rich and the Poor

It's government ineptitude the causes an over blotted subsidy payments to oil marketers

SalamRushdie:


It doesn't matter , he should have just shut up yesterday till he was in full Control of the sector and govt , hope you realise he hadn't even gone to his office to start work , he should have kept quiet till he had all his meeting with stakeholders and draft the best possible way to remove it ..many things must be in place ..Now he hasn't even removed it but people are already taken advantage of the situation to make 3 times profit

obi58:


Please get out and stay out.

30 years ago IMF came and advocated for us to devalue our currency and to implement structural adjustment to better position our economy globally. Where has that led us?

Now the subsidy debate...... Pray do tell, is subsidy the only thing wrong with this country? What have we benefitted for the massive debt that has been inflicted on us by the previous government?

Again I ask.... WHY CANT THE GOVERNMENT WAIT 2 MONTHS FOR DOMESTICALLY PRODUCED FUEL TO FLOOD THE MARKET BEFORE REMOVING SUBSIDY?

Obaaderemi2:
It has been removed in the budget, don't you get it? What he should do is to send out officials to seal erring petrol stations. He shouldn't stop there, he should arrest owners of such petrol stations. This government has to be decisive against bad elements in government and outside government that are bent on destroying the country.

SalamRushdie:
You have not put your petroleum team in place and you are standing in eagle square to speculate about fuel subsidy..this man is starting on a bad note