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Nigeria Subsidy Removal Puts Pressure On EU Refineries - Politics (4) - Nairaland

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Re: Nigeria Subsidy Removal Puts Pressure On EU Refineries by a4cube: 12:17pm On Jul 28, 2023
Jsucre:
diversity. You can't compare fuel subsidy to those mentioned
What is diversity and why can't we compare the two pls? I want to learn bro.
Re: Nigeria Subsidy Removal Puts Pressure On EU Refineries by lexy2014: 12:17pm On Jul 28, 2023
JAMO84:
Go back to school

It's because you have gone back to school that am asking u....

Why did fuel subsisdy need to go?

Mele Kyari in 2020 said subsisdy had been totally and completely removed

Which subsisdy did Tinubu now remove in 2023?
Re: Nigeria Subsidy Removal Puts Pressure On EU Refineries by itsene: 12:18pm On Jul 28, 2023
That's why our own are not operating. So we buy from them.
Re: Nigeria Subsidy Removal Puts Pressure On EU Refineries by Nobody: 12:24pm On Jul 28, 2023
Brilliant decision to remove subsidy after all, now it's about using the money we are saving to take care of Nigerians and build better infrastructure, power systems etc.
Re: Nigeria Subsidy Removal Puts Pressure On EU Refineries by Thomasankara(m): 12:26pm On Jul 28, 2023
[/color]I like this analogy[color=#770077]
jmoore:


Poor man pays transport of 200 naira during subsidy.

Poor man now pays 500 naira after subsidy removal.

You guys should stop this lies!!!

Everyone benefitted from subsidy, directly or indirectly.

The economy runs on petrol because Nigeria has a paltry 5,000 megawatts for a population of 200 million.


Apart from paying more for transportation, the poor will pay more for food because cost of transportation affects prices of foodstuffs.

Blaming smugglers for the subsidy wahala is one being myopic. If a thief keeps breaking your home to steal foodstuffs, would you stop buying foodstuffs and let your family die of hunger because of thieves? No! You will seek for ways to catch the thieves. Instead of bringing in measures to catch smugglers, Tinubu decided to punish millions of Nigerians because of the actions of few smugglers that may not be up to 3,000.
Re: Nigeria Subsidy Removal Puts Pressure On EU Refineries by Kukutente23: 12:31pm On Jul 28, 2023
APC and lies. Only God can save Nigeria from them. Now they are exporting lies to foreign news outlets to burnish their image.

This was how they claimed in 2019 after border closure that rice Mills were folding up in Thailand. Meanwhile more Nigerians were going to bed hungry out of an inability to buy rice.

Four years down the line, no one has come to show us any new rice mill built by virtue of the "rice revolution" neither has any rice mill collapsed in Thailand nor the price of rice fallen.

APC is a lying spirit. QED

1 Like

Re: Nigeria Subsidy Removal Puts Pressure On EU Refineries by Nobody: 12:35pm On Jul 28, 2023
cool Good everyone will feel it , I just pray Alhaji implemented the Gas Treatment Plant as advice, he kukuma don get petrochemical complex, if you na no buy petrol he convert it ...This awon set Energy Transition would soon hear winn.

Energy Transition when it suits them, when they are flaring our gas they don't know they are doing themselves.
Re: Nigeria Subsidy Removal Puts Pressure On EU Refineries by bayelsaowei(m): 12:36pm On Jul 28, 2023
There is an opportunity here.. if some of the trains of these refineries in Europe are in modular forms, we can just go ahead and buy and ship them in-country.

1 Like

Re: Nigeria Subsidy Removal Puts Pressure On EU Refineries by beyep: 12:41pm On Jul 28, 2023
PlayerMeji:
The dividends of subsidy removal will soon begin to trickle in...
u will never learn
Re: Nigeria Subsidy Removal Puts Pressure On EU Refineries by Kokomo: 12:49pm On Jul 28, 2023
JAMO84:
The whole world agree with Tinubu that subsidy has to go, only the world infamous cocaine distributing tribe are against Tinubu right now.
Removing it is fine, even Jonathan tried to removed it, but Tinubu and colleague , due to the quest for power, selfishly stood against it and shifting this day. But the bad thing about his own version subsidy removal is putting the cart before horse.
Re: Nigeria Subsidy Removal Puts Pressure On EU Refineries by Kokomo: 12:55pm On Jul 28, 2023
JAMO84:
Which way would subsidy be removed that the people will not suffer?

When Peter Obi increased tuition fee in Anambra from 100 to 230 000, did he do it gradually or at once?


Ethnicity don scatter this country, I doubt people still reason logically, even when the person in power is making policies that cause them suffering
Re: Nigeria Subsidy Removal Puts Pressure On EU Refineries by Thaddeus91: 1:00pm On Jul 28, 2023
Why refer to those who take the acclaimed one-third of fuel imports to neighbouring countries as smugglers They are thieves! Whom are known to the society.
Re: Nigeria Subsidy Removal Puts Pressure On EU Refineries by Blitzking: 1:11pm On Jul 28, 2023
Let's stop deceiving ourselves the major reason why we would stop importing refined pms is becos we have our own refinery but as the date for opening has been shifted cos a non functioning refinery was commissioned we are still going to be importing till 2025..so no hope customer dada..still dey kempe.
Re: Nigeria Subsidy Removal Puts Pressure On EU Refineries by JAMO84: 1:11pm On Jul 28, 2023
lexy2014:


It's because you have gone back to school that am asking u....

Why did fuel subsisdy need to go?

Mele Kyari in 2020 said subsisdy had been totally and completely removed

Which subsisdy did Tinubu now remove in 2023?
What was the price of crude oil in 2020 and now?

High crude price, high pms price

Subsidy removed in 2020 because price was low, no need to subsidize. Crude price rised, subsidy returns.


Even now, if oil price rises from the present $80 per barrel to like $140, I am not sure subsidy will not return, pms price per liter might jump to 1200 NAIRA, hardship might be so much that the military might intervene.
Re: Nigeria Subsidy Removal Puts Pressure On EU Refineries by engrchykae(m): 1:16pm On Jul 28, 2023
emkz:
The decision by Nigeria's President Bola Ahmed Tinubu to remove the very popular but expensively scandalous fuel subsidies has reduced the demand for petrol in the West African country and also removed incentives for smugglers. Nigeria had been a popular destination for refined fuel from the EU, and with the current development, the EU refiners need to look elsewhere to break even.




https://www.reuters.com/business/energy/end-nigerian-fuel-subsidy-set-squeeze-europes-refiners-2023-07-28/
WHY ARE WE IMPORTING PETROL WHEN WE HAVE CRUDE OIL?
ARE WE SO USELESS?
WHY IS THE USELESS NAVY CLAMPING DOWN ON BOYS WHO CAN REFINE SOME ASPECTS OF PETROCHEM?
WHY NOT USE THE SO CALLED "ILLEGAL REFINERS"TO START A LEGAL REFINING?
Re: Nigeria Subsidy Removal Puts Pressure On EU Refineries by 123papas(m): 1:18pm On Jul 28, 2023
Don't eat because you don't want to buy food from the market
tamdun:

So what are you suggesting,we should continue providing jobs for Europe when our own is suffering?
Re: Nigeria Subsidy Removal Puts Pressure On EU Refineries by tsdarkside(m): 1:25pm On Jul 28, 2023
eu can go fvck themselves....
Re: Nigeria Subsidy Removal Puts Pressure On EU Refineries by lexy2014: 1:27pm On Jul 28, 2023
JAMO84:
What was the price of crude oil in 2020 and now?

High crude price, high pms price

Subsidy removed in 2020 because price was low, no need to subsidize. Crude price rised, subsidy returns.


Even now, if oil price rises from the present $80 per barrel to like $140, I am not sure subsidy will not return, pms price per liter might jump to 1200 NAIRA, hardship might be so much that the military might intervene.

I thought u went to school cos u haven't answered my questions.

1. Why did fuel subsisdy need to go?

2. Mele Kyari in 2020 said subsisdy had been totally and completely removed

3. Which subsisdy did Tinubu now remove in 2023?
Re: Nigeria Subsidy Removal Puts Pressure On EU Refineries by Nobody: 1:27pm On Jul 28, 2023
Price should crash then
Re: Nigeria Subsidy Removal Puts Pressure On EU Refineries by JAMO84: 1:39pm On Jul 28, 2023
lexy2014:


I thought u went to school cos u haven't answered my questions.

1. Why did fuel subsisdy need to go?

2. Mele Kyari in 2020 said subsisdy had been totally and completely removed

3. Which subsisdy did Tinubu now remove in 2023?
Go and ask Kyari why he didn't announce the return of subsidy like he announced the removal.
Re: Nigeria Subsidy Removal Puts Pressure On EU Refineries by Poske95(m): 1:40pm On Jul 28, 2023
jmoore:


Poor man pays transport of 200 naira during subsidy.

Poor man now pays 500 naira after subsidy removal.

You guys should stop this lies!!!

Everyone benefitted from subsidy, directly or indirectly.

The economy runs on petrol because Nigeria has a paltry 5,000 megawatts for a population of 200 million.


Apart from paying more for transportation, the poor will pay more for food because cost of transportation affects prices of foodstuffs.

Blaming smugglers for the subsidy wahala is one being myopic. If a thief keeps breaking your home to steal foodstuffs, would you stop buying foodstuffs and let your family die of hunger because of thieves? No! You will seek for ways to catch the thieves. Instead of bringing in measures to catch smugglers, Tinubu decided to punish millions of Nigerians because of the actions of few smugglers that may not be up to 3,000.


Once your slave start to dey live inside the main house, dey chop oga left over and look tv,he go start not call himself S.I.C - Servant In Chief
Mumu
Re: Nigeria Subsidy Removal Puts Pressure On EU Refineries by lexy2014: 1:46pm On Jul 28, 2023
JAMO84:
Go and ask Kyari why he didn't announce the return of subsidy like he announced the removal.

I thought u went to school cos u haven't answered my questions.

1. Why did fuel subsisdy need to go?

2. Mele Kyari in 2020 said subsisdy had been totally and completely removed

3. Which subsisdy did Tinubu now remove in 2023?
Re: Nigeria Subsidy Removal Puts Pressure On EU Refineries by StarRiderr: 2:02pm On Jul 28, 2023
JAMO84:
The whole world agree with Tinubu that subsidy has to go, only the world infamous cocaine distributing tribe are against Tinubu right now.
you are a big Fuul are they one particular set of people suffering the hardship and high cost of leaving in Nigeria
Re: Nigeria Subsidy Removal Puts Pressure On EU Refineries by dazzlingd(m): 2:06pm On Jul 28, 2023
They are one of our enemies that don’t want our refineries to work
Re: Nigeria Subsidy Removal Puts Pressure On EU Refineries by Curvinus(m): 2:07pm On Jul 28, 2023
These are some of the clear examples of how Europe has been underdeveloping West Africa and Africa as a whole. A little slump in fuel imports and their refineries are already experiencing serious short squeeze.

Now imagine a scenario where West Africa becomes self reliant in the refining of petrol, manufacture of electronics, automobile, clothing's, building materials amongst other industrial capabilities, the amount of job loss that would hit Europe would be child's play compared to the current situation in present day West Africa.

African countries need to come up with industrial plans and implement same religiously within a given timescale to ensure a complete turn around in the economic fortunes of the region.

1 Like

Re: Nigeria Subsidy Removal Puts Pressure On EU Refineries by Yankee101: 2:09pm On Jul 28, 2023
Good news here
Re: Nigeria Subsidy Removal Puts Pressure On EU Refineries by Clinton14(m): 2:28pm On Jul 28, 2023
ImDStar:
In Nigeria, poor people are standing on the mandate of criminals, and the criminals inflict them with more pain and poverty.
The poorer they get, the richer the criminals get.

Let The Poor Breath. Suffering and smiling poverty.

When you try deliver them, they tag you names.


And if you have any sense,you will notice that the article us implying that subsidy removal is good for the country and bad for the refiners.
Re: Nigeria Subsidy Removal Puts Pressure On EU Refineries by maasoap(m): 2:33pm On Jul 28, 2023
emkz:
The decision by Nigeria's President Bola Ahmed Tinubu to remove the very popular but expensively scandalous fuel subsidies has reduced the demand for petrol in the West African country and also removed incentives for smugglers. Nigeria had been a popular destination for refined fuel from the EU, and with the current development, the EU refiners need to look elsewhere to break even.

https://www.reuters.com/business/energy/end-nigerian-fuel-subsidy-set-squeeze-europes-refiners-2023-07-28/

Dey dia and be deceiving yourself grin grin grin. Smugglers my left nyash. People can no longer afford to buy the quantity of petrol they used to buy before
Re: Nigeria Subsidy Removal Puts Pressure On EU Refineries by lexy2014: 2:36pm On Jul 28, 2023
uuzba:

When we subsidise fuel, it becomes cheaper right?
We buy more of it. Right?
We can run businesses. Right?
-
Because we're buying this fuel, EU who is producing the fuel, is "working" by producing the fuel. They have jobs to produce the fuel for us.
-
Now we're not subsidising, we are not buying much fuel again. EU refineries are not able to sell. They are not working. They will become jobless.
-
But we too are suffering joblessness, because no fuel to run generators to do our normal businesses.
No work for us, no work for EU. Everybody sits down jobless.
This is what 3 of us are saying,
You, the guy you commented and myself.

Do you understand this conversation?

Re: Nigeria Subsidy Removal Puts Pressure On EU Refineries by IMASTEX: 2:50pm On Jul 28, 2023
PlayerMeji:
The dividends of subsidy removal will soon begin to trickle in...
...to the pockets of few cabals as usual.

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