TheLoneCitizen:
The good thing about this start, it can't get any worse from here.

What are you saying? Self deceit...

b03liberty:

You got a beautiful sky their

Wow! I didn't even notice

LeoDeKing:




Subsidy removal is an era, all presidential aspirants including pandora Obituary campaigned with it.

removing it is not the problem

But not providing solutions is the issue

Who Will check the filling station now

yarimo:
Hope you know buhari didn't make provisions for subsidy in the budget, TINUBU did the right thing to let Nigerians know what is on ground immediately. It's like an ambush to new administration

tinubu did the right thing you say? A reasonable leader should have first thought about the outcome of each move before making the move, we all knew there was no subsidy how about you meet the markerters and players in the industry first talk to them and agree on terms before making that reckless statement, that is not even the kind of statement you make on your first day on the job, the way he said he like he was trying to impress the masses, when a wise leaders should have known how delicate the issue of subsidy is, 24 hrs after the presidency has gone radio silent, the same hide and seek tactics of the buhari administration is just playing out already.

Shattuck:
why you come dey wail no be your daddy again🤣😂🤣😂

I am not tinubu or apc fan

I am just against the hypocrisy of the obiddense who say Dem wan waste vote but no wan accept the tinubu they indirectly elected

finallybusy:
Cue the complaints because that is all Nairalanders know how to do.

I’m one of the minority who believe fuel should be 1k per litre. Nigerians should be encouraged to commute using bicycles.

This opens the opportunity for Dangote to crash prices due to Nigeria finally refining its raw material. What a shame. Sixty-three years before the country did the needful.

Bicycles on which road or accesses...stop claiming you have knowledge...Mugu

ursullalinda:
When the people in power don't care about the masses... I know I'm not over expecting from this government... I'm sure no party supporter, either APC/PDP/LP is excused from the madness

Do you even know the meaning of subsidy and it's effect on the country?

NzogbuNzogbu:
I am not tinubu or apc fan

I am just against the hypocrisy of the obiddense who say Dem wan waste vote but no wan accept the tinubu they indirectly elected

ok

kiddkash:

They don't fix exchange rate. If you sell old price, you won't have enough money to meet exchange rate in order to buy more

Did they buy the old stock at the new exchange rate

PHZADDY1:
Bicycles on which road or accesses...stop claiming you have knowledge...Mugu

Why can you children never make comments without throwing insults? Mynd44, there is no way to sensitize members on debate etiquette? Na so una dey take chop for this forum? This is low, very low.

TheLoneCitizen:
The good thing about this start, it can't get any worse from here.

Lol, don't get your hopes up

Konjiboii:


Do you know an individual or people on that street cannot fix their roads without payment for approval from the govt ?

Is it cheaper to pay for approval collectively or to buy an suv?

Any policy/decision that is made with taking into consideration the wicked nature of Nigerians in order not to suffer the common man is unwise. Tinubu just opened his mouth waaah to spew out subsidy removal without putting up any mechanism to tackle the effect is just unwise. Thank GOD everyone is hearing the sound of the music.

Sergio101:


Baba never enter oh.

Una Don dey receive

..if baba come enter nko ? ... nawaoooo 🙄

finallybusy:
Why can you children never make comments without throwing insults? Mynd44, there is no way to sensitize members on debate etiquette? Na so una dey take chop for this forum? This is low, very low.

hide your face in shame... advocate for rubbish

airsaylongcome:


Have you ever tried to fix roads in this country? From your personal funds? You will be shocked to find out that you need government approval to do so. And people within the government will demand huge bribes for that. So if you had say a billion to fix the road, with bribes it will cost you 3bn. And that doesn't include the cost of maintaining and keeping the roads motorable after they have been built. Any rational person would rather go for the cheaper option of buying an SUV instead of spending an endless amount of money bribing government officials

Now what do we do about that situation? Is there no feasible solution to corrupt office hosts in government in any part of the world? With this mentality of giving up at the slightest challenge when are we going to get the country we desire? It takes effort and intentional work to move away from a bad situation

So this is the renewed hope they promised nigerians... nawaoooo

nnadychuks:
Omnia causas fiunt- Everything happens for a reason.
I’m not a fan on Tinubu, but I’m forced to believe this removal of fuel subsidy is only to favor Dangote and those who will benefit from it. Dangote was never going to operate his refinery with subsidy, otherwise he would go broke.
That said, if you’re among those who voted PBAT, don’t feel guilty he imposed subsidy removal, feel guilty because he did so to favor a single individual.

Is it Dangote that would pay for the subsidy or Federal Government? Some of you are so dull it is amazing how you're able to log onto NL.

Dareal90s:

Do you even know the meaning of subsidy and it's effect on the country?

And in your own thinking this is the best way to remove it....smh...People will always act as there leaders

Metrofox:


Now what do we do about that situation? Is there no feasible solution to corrupt office hosts in government in any part of the world? With this mentality of giving up at the slightest challenge when are we going to get the country we desire? It takes effort and intentional work to move away from a bad situation

So the government has to budge first. If they can totally do away with corruption by their officials then that would be a good start. I know how many times I have tried to interface with government for private intervention in fixing roads leading to my village. I'm talking at least 16 years. Would you consider that "giving up at the slightest challenge"?. I don't think so

TheLoneCitizen:
The good thing about this start, it can't get any worse from here.

You clearly don't know this man at all

Aurelius1:
You were selling at 240 before the announcement, meanwhile you still have some old supply, why increase your selling price to 400 immiedately after the announcement just because you want to raise enough money to purchase at the new market price? It is only proper that when the old supply of 240 is exhausted, then you buy and sell at the new market price.

In business if u have 1 commodity, progress is when u can sell and purchase at least 1.1 or 1.2 next time. In a situation when ur budget can get you only 0.9 or 0.8 of the 1 u had then that’s shortage or loss.

Metrofox:


Is it cheaper to pay for approval collectively or to buy an suv?

Yes, it's cheaper INDIVIDUALLY to buy an SUV than to pay for approval. Just like it's "cheaper" for each individual to buy a small generator than to for everyone to contribute to provide infrastructure to get electricity to our homes.

nnadychuks:

In business if u have 1 commodity, progress is when u can sell and purchase at least 1.1 or 1.2 next time. In a situation when ur budget can get you only 0.9 or 0.8 of the 1 u had then that’s shortage or loss.

Nwannem, (I'm not Igbo though) you got your business lessons from Onitsha main market. Real life lessons, not theory classes in a University

Aurelius1:
You were selling at 240 before the announcement, meanwhile you still have some old supply, why increase your selling price to 400 immiedately after the announcement just because you want to raise enough money to purchase at the new market price? It is only proper that when the old supply of 240 is exhausted, then you buy and sell at the new market price.

So let's make this a bit more practical. Assume you sell noodles today at ₦100 per sachet. You bought at ₦80/sachet. And you were selling say 100 sachets daily for total revenue of ₦10,000 daily. And you now have information that when you go to buy new stock, you will buy at say ₦150/sachet. Would you still keep selling at ₦100/sachet knowing that when you finish that stock, you will only be able to buy say 60 sachets and sell maybe 45 sachets at say ₦180/sachet. Would you still sell old stock at old price? Or would you immediately increase your price for old stock?

All the petrol stations that were not selling during non scarcity period around Obiri Ikwerre flyover mysteriously all have old stock they are selling now at high prices.

No light and fuel since the day of the inuagration.
How much be electric cars sef?
I need 1 for loan under loan app.

If so house rent has increased o. We cant buy new rent for old stock knowing subsidy is otilo.
Landlords on rejoicing mode now

airsaylongcome:


So let's make this a bit more practical. Assume you sell noodles today at ₦100 per sachet. You bought at ₦80/sachet. And you were selling say 100 sachets daily for total revenue of ₦10,000 daily. And you now have information that when you go to buy new stock, you will buy at say ₦150/sachet. Would you still keep selling at ₦100/sachet knowing that when you finish that stock, you will only be able to buy say 60 sachets and sell maybe 45 sachets at say ₦180/sachet. Would you still sell old stock at old price? Or would you immediately increase your price for old stock?

IntelligentGoat:

If so house rent has increased o. We cant buy new rent for old stock knowing subsidy is otilo.
Landlords on rejoicing mode now

For sure! Landlords nationwide are going to increase rents. Market women are going to increase their prices. Bus drivers are going to increase their fares. Schools will increase school fees. DSTV will increase subscription. Even Ashana and Telcos go increase their prices

Metrofox:


Is it cheaper to pay for approval collectively or to buy an suv?

Even the money is not the problem, but before you will get approved, might be your kids that will get it done

airsaylongcome:


So let's make this a bit more practical. Assume you sell noodles today at ₦100 per sachet. You bought at ₦80/sachet. And you were selling say 100 sachets daily for total revenue of ₦10,000 daily. And you now have information that when you go to buy new stock, you will buy at say ₦150/sachet. Would you still keep selling at ₦100/sachet knowing that when you finish that stock, you will only be able to buy say 60 sachets and sell maybe 45 sachets at say ₦180/sachet. Would you still sell old stock at old price? Or would you immediately increase your price for old stock?

Nigerians complain about everything. What are you on about? Irrespective of when you feel the subsidy should be removed, the greedy sellers will still act the same way they are acting now because according to you it's 'business'