9jahotblog:
you don’t know what’s going on in 🇻🇪. If they give you the visa of Venezuela 🇻🇪, you will port to that place without coming back to Nigeria

Sad!

Ain't one of your japa souls son. I have been to better places ...if I fly Venezuela then it just to go bleep some locals that place has nothing to offer me.

nairalanda1:


Okay, let's cut government expenditure.

Presidency this year spent...133 billion naira
National assembly spent ...N169 billion naira

Total..just above 300 billion naira

Subsidy costs for one month...N600 billion naira.

Even if we cut costs ....we won't be able to cover subsidy costs for a month, talkless of one year.


AND WE SHOULD CUT COSTS FOR THE POLITICANS...no argument with that.

My response was based on the fact you said they're borrowing to pay subsidy, the money budgeted for subsidy is the last appropriation bill is 3.6trillion(300 billion a month) I wonder how you arrived at 600billion
BUT
The budget deficit rose from 10.78 trillion to 12.1trillion after the national assembly finished their dirty job on it, so it's not as though it's the subsidy that inflated the budget, the deficit is far above what was budgeted for subsidy, which means the government would still borrow even without subsidy.

And the subsidy is that high because of lack of proactiveness and corruption in the government, imagine the government don't even know how much petrol we consume per day or month, so they take advantage of that to import more than we consume at subsidized rate and divert them to neighboring countries to sell at higher price, all the money still end up in the pockets of some government officials in the immigration, customs and so on.
If the government is proactive and serious in fighting corruption and conducting proper checks and balances, paying subsidy wouldn't be a problem cos the government won't be paying that much. So it's pure wickedness to just push everything to us and make things harder without any mitigating measures.
A lot of people now spend almost 50% or more of their salary on transportation, how man go take survive? if our refineries are functioning and we have stable electricity, good public transportation system, well paying jobs, etc nobody will be lamenting.

Well, let's just watch and see how it goes and hope it'll be for good and not just another unnecessary suffer like Buhari's 8years, Nigerians tolerated a lot of hardship under him hoping it'd get better but the level of shege kept increasing and got to it's peak at the climax

nairalanda1:


NNPCL is fixing refineries...has been serious about them for a year now.

Source: someone i know who works for one of the companies involved in repairing the refineries.

In Nigeria you start believing when you see result

Somebody told somebody is a scam

Governor of Nasarawa said the past administration spent more than 19billion dollars on fixing refineries in 8years but none of them is functioning as we speak, I can bet you they didn't spend a dime on shit, they shared it

nomolos92:


My response was based on the fact you said they're borrowing to pay subsidy, the money budgeted for subsidy is the last appropriation bill is 3.6trillion(300 billion a month) I wonder how you arrived at 600billion
BUT
The budget deficit rose from 10.78 trillion to 12.1trillion after the national assembly finished their dirty job on it, so it's not as though it's the subsidy that inflated the budget, the deficit is far above what was budgeted for subsidy, which means the government would still borrow even without subsidy.

And the subsidy is that high because of lack of proactiveness and corruption in the government, imagine the government don't even know how much petrol we consume per day or month, so they take advantage of that to import more than we consume at subsidized rate and divert them to neighboring countries to sell at higher price, all the money still end up in the pockets of some government officials in the immigration, customs and so on.
If the government is proactive and serious in fighting corruption and conducting proper checks and balances, paying subsidy wouldn't be a problem cos the government won't be paying that much. So it's pure wickedness to just push everything to us and make things harder without any mitigating measures.
A lot of people now spend almost 50% or more of their salary on transportation, how man go take survive? if our refineries are functioning and we have stable electricity, good public transportation system, well paying jobs, etc nobody will be lamenting.

Well, let's just watch and see how it goes and hope it'll be for good and not just another unnecessary suffer like Buhari's 8years, Nigerians tolerated a lot of hardship under him hoping it'd get better but the level of shege kept increasing and got to it's peak at the climax

Like I said, the problem goes way beyond what you think a subsidy is.

Like that deficit...it is growing because we spend more and more on subsides. Hence the deficit.

So long as the production cost goes up AS well as consumption, subsidy will go up. You can shout corruption...and you won;t be wrong as corruption is a symptom...but government will pay more and more for subsidy with rising costs every year.....

And then we end up like Iran whose subsides are twice the amount they earn from oil. Scary.

We cannot pay subsides anymore. Infact, the problem has been there since 2011, if not earlier.....and please do not quote me to tell me that I am backing evil politicans because I am tired of the same politicans, am angry with what they have done to this country...but right now, we don't have the kind of options we had years ago.

Welcome to reality. You don't have to like it.

I'll leave it here.

nairalanda1:



Like I said, the problem goes way beyond what you think a subsidy is.

Like that deficit...it is growing because we spend more and more on subsides. Hence the deficit.

So long as the production cost goes up AS well as consumption, subsidy will go up. You can shout corruption...and you won;t be wrong as corruption is a symptom...but government will pay more and more for subsidy with rising costs every year.....

And then we end up like Iran whose subsides are twice the amount they earn from oil. Scary.

We cannot pay subsides anymore. Infact, the problem has been there since 2011, if not earlier.....and please do not quote me to tell me that I am backing evil politicans because I am tired of the same politicans, am angry with what they have done to this country...but right now, we don't have the kind of options we had years ago.

Welcome to reality. You don't have to like it.

I'll leave it here.

Only if you're aware that the subsidy in the previous budget of 2022 was higher than the last one..
So long as the government monitor the importation and it's proportionate to our consumption, government will not pay more, the rising cost of production reflected in the increase in price of petrol despite subsidy.

The only thing that make subsidy high is the excessive importation which are diverted to Niger, Cameroon and Benin Republic, the government is aware but they don't care.

Iran is under heavy sanctions which affects their oil sales and refining capability, so don't compare the country with Nigeria that makes a lot of money from oil and nothing is stopping us from refining our oil here except corruption.

Seems you're not getting my point, we ain't only borrowing to pay subsidy, our budget always have higher deficit than whatever is budgeted for subsidy, besides, the removal isn't the issue really but putting the right things in place, Nigeria is too big to rely majorly on importation of petrol.

I know you are not supporting any politician, we're just jaw-jawing

nairalanda1:



Like I said, the problem goes way beyond what you think a subsidy is.

Like that deficit...it is growing because we spend more and more on subsides. Hence the deficit.

So long as the production cost goes up AS well as consumption, subsidy will go up. You can shout corruption...and you won;t be wrong as corruption is a symptom...but government will pay more and more for subsidy with rising costs every year.....

And then we end up like Iran whose subsides are twice the amount they earn from oil. Scary.

We cannot pay subsides anymore. Infact, the problem has been there since 2011, if not earlier.....and please do not quote me to tell me that I am backing evil politicans because I am tired of the same politicans, am angry with what they have done to this country...but right now, we don't have the kind of options we had years ago.

Welcome to reality. You don't have to like it.

I'll leave it here.

is it the politicians it we that misvoted for socialism

hedonido:


You know we have crude in excess. We can't meet ordinary OPEC quota due to inefficiencies such a bunkering. Then again the phenomenon of oil bunkering and such are purely down to government incompetence. Which is the argument some of us put up against the so-called subsidy removal. The masses cannot and must not be punished for government incompetence and corruption.

who voted the govt?