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Nairaland Forum / Nairaland / General / Business / An Open Informal Letter To Beaf On Fuel Subsidy (12540 Views)
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Re: An Open Informal Letter To Beaf On Fuel Subsidy by Nobody: 11:56am On Oct 11, 2011 |
@edilove yawn post so long meant nothing didnt bother to read your GEJ has nothing to offer me only high blood pressure EVERYDAY on the news its just another day of him tryn to prove how much more dumb he can become, Nigeria is on auto pilot , ,, |
Re: An Open Informal Letter To Beaf On Fuel Subsidy by mathskill: 11:59am On Oct 11, 2011 |
In 2010, the EU spent €57 billion on agricultural development, of which €39 billion was spent on direct subsidies The United States currently pays around $20 billion per year to farmers in direct subsidies as "farm income stabilization" via U.S. farm bills. If the american government and the EU the richest country and economic block the world has ever seen can subsidize a relevant part of their economy why should any one want to remove subsidy in a very relevant and strategic part of the nigerian economy with the attendant negative consequance on the average nigerian.Moreover when we know the reason why the gorventment spends much on fuel subsidy is because we import what we have.If all our refineries are up and running there will be no need to import fuel at exhorbitant international rate all we need to do is pump crude oil, refine and sale at our desired rate that will not hamper and disrupt our economic growth and social order.So for goodness sake the government should tackle the rot in the oil industry and make our refineries functioning again. |
Re: An Open Informal Letter To Beaf On Fuel Subsidy by jason123: 12:20pm On Oct 11, 2011 |
PointB: For petrol? ![]() For where? It only happens when there is fuel scarcity and people are forced to go to the black market for fuel. Usually around the holiday period. @ Your post Point B, I want you to take your time and think about the socio-economic implications. Then, I want to know if the you can still tell us that the benefits of subsidy removal out-weighs the disadvantages. I am not ridiculing you. I simply want to know your opinion after calming down. |
Re: An Open Informal Letter To Beaf On Fuel Subsidy by PointB: 12:40pm On Oct 11, 2011 |
jason123: Don't get me wrong, I am not saying there wont be soci0-economic implication, but can you also honestly tell me of any era where people have not complained of social economic problem. 'The poor will always be with us' - says Jesus Christ himself! Besides, there are other places that need subsidy - manufacturing, hospital, agriculture. That is where the subsidy should be going, Paying some government cronies for imports and alleged import of fuel is not the way to help the populace. Subsidy in agriculture aimed at making food cheaper, subsidy in health bill aimed at improving health, and subsidy in some manufacturing concern (perhap in term of electricity subsidy) might also be good. But the bottom line is that no matter what you do, the poor will remain, continuing to waste resources and fuel corruption for PDP chieftains, government cronies, and other 'smart' business people is not the best for the country. Nigerians want government to fight corruption, but are not willing to make any sacrifice. How can we move from here? Maybe we should just keep quiet and enjoy it. We are all beneficiary of the corruption. |
Re: An Open Informal Letter To Beaf On Fuel Subsidy by brainpulse: 12:46pm On Oct 11, 2011 |
@ PointB Your Gonernment lack Vision. WHy should it be only on Petroleum products "IT" is concentrating on. Why can he deregulate Agriculture products, etc "IT" has no vision at all |
Re: An Open Informal Letter To Beaf On Fuel Subsidy by PointB: 12:54pm On Oct 11, 2011 |
^^^ It is not my government. ![]() ![]() ![]() But joke apart, removing the subsidy is a visionary move! Besides what is there to deregulate in Agricultural Products? Educate me please. |
Re: An Open Informal Letter To Beaf On Fuel Subsidy by Parnassuss(m): 1:05pm On Oct 11, 2011 |
@PointB, there is no merit to your argument. If the govt can't have one functioning refinery, or provide 10,000mw then we should go and sit down in our mediocrity. The subsidy removal I pray, should spark a bigger quarrel, even a fight, where I hope, a lot of people will get killed. That's how dire I project the picture will be if the subsidy is removed without any other alternative. |
Re: An Open Informal Letter To Beaf On Fuel Subsidy by naijaking1: 1:11pm On Oct 11, 2011 |
Heaven will not fall with removal of the subsidy. The idea of goverment subsiding every liter of petrol in Nigeria when the price of petrol is already much higher with the so-called subsidy is simply ridiculous. The noise is that a liter will cost more than 142 naira after subsidies are removed, guess what it already cost more than 150 in parts of the country. |
Re: An Open Informal Letter To Beaf On Fuel Subsidy by DrugDoc: 1:17pm On Oct 11, 2011 |
Thanks Mr. B, Edicolove and others. There is finally hope of tackling our most serious problems and usher in an era jobs and economic growth but suffering don "dabaru the sense" of the African man and woman. The subsidy should go. We are not an European Nation. The countries of Europe have a majority tribe AND a common religion so they can honestly administer subsidies. For Europe, "na we, we". Nigeria is a forced union of divided interest, it is near impossible to honestly administer fuel subsidy. It is only used to siphon wealth away from the national treasury to a few corrupt pockets for just importing fuel. 1.2 Trillion Naira on subsidy per annum! If our graduates want jobs, removing the fuel subsidy is their best bet. If we want constant fuel supply removing the subsidy is our best bet. If we want electric power, remove government from that business. |
Re: An Open Informal Letter To Beaf On Fuel Subsidy by jason123: 1:18pm On Oct 11, 2011 |
PointB: Okay; now I totally see where you are coming from, given the two highlighted paragraphs. In an idea society, what you just put down makes a whole lot of sense but in Niaja, it just wouldn't work because:- 1) Our economy is dependent on Oil. Have you been to Niaja anytime the fuel prices go up? Every other commodity goes up as well and would NEVER come down (even after the fuel prices may have been reduced). A 150% increase in gasoline price will translate to atleast 100-120% increase in everyday things like bread, peak milk etc. These things are essential to a "common man's" survival. Imagine bread for 400-450 Niara ![]() 2) This will not stop corruption. In fact, it will increase in my opinion. How, you ask? I am sure you know the crime rate which was reducing last year (using Lagos (its a mini Nigeria) as my reference point i.e Fashola's interview), has suddenly shot up. You know about the "egunge" and 20Naira epidemic in Nigeria, don't you? Now, imagine that with twice the current hardship they are facing; keeping in mind that most collect ordinary 18k (now valued at 9k given the coming inflation) home to their families and dependents. 3) We don't even have a source of constant power supply, adding to the frustration of the people. Trust me, there is a HUGE difference between a man who comes home with the power supply on and a man who comes home with none, all under the heat of the equatorial sun. These factors are unbearable. Poverty does not know ethnicity or religion. When the time comes, you'll be surprise with the way Nigerians will act. |
Re: An Open Informal Letter To Beaf On Fuel Subsidy by mathskill: 1:19pm On Oct 11, 2011 |
PointB i guess you must have noticed that the majority of respondant's to this thread are against the removal of fuel subsidy.without further arguemnt i believe majority carries the day. |
Re: An Open Informal Letter To Beaf On Fuel Subsidy by jason123: 1:20pm On Oct 11, 2011 |
naijaking1: Rightly so. Heaven will not fall but its not right. Its very selfish and unreasonable. |
Re: An Open Informal Letter To Beaf On Fuel Subsidy by PointB: 1:36pm On Oct 11, 2011 |
mathskill: That the majority support an argument does not make it right my brother. Besides, I am just giving my opinion on this matter, not that my opinion is more important than that of other poster. This is an online forum where people are free to express themselves. And I can see clearly that many are resisting change due to fear of the unknown - a basic human instinct. However, the worse of our fears may not actually materialize, if the subsidy is removed Nigeria will survive, if it remains Nigerian will also continue to inch forward. Whichever way the policy makers decide to go about it, the only thing I know is that - we will find a way. We are humans! |
Re: An Open Informal Letter To Beaf On Fuel Subsidy by kruku: 1:45pm On Oct 11, 2011 |
i think there are million and one areas of the nigeria economy that require government review. 1. the money spent in the national house of assembly 2. the massive embezzlement in the government circle 3. the sick but never die NNPC and her refinery these areas need urgent positve attention rather than outright removal of subsidy on petroleum products. i have always known nigerian to be dosile when it come to fighting for their right, but for this one i cannot vouch for it. Prsident Goodluck(?) beware and bewise!!!!!!!!!!!!!!!!!. there is a fire spreading across the world, memera!!!!!!. eyes dey red O! |
Re: An Open Informal Letter To Beaf On Fuel Subsidy by femmy2010(m): 1:53pm On Oct 11, 2011 |
No one is saying subsidy shouldn't be removed but what majority of Nigerians are asking for is that the government use "our" money to build new refineries and make the ones we have already to work to an optimal level. That government should improve power supply to at least 18hrs per day before subsidy should be removed. Frankly.the only thing most Nigerians enjoy from the govt is this to be removed subsidy. |
Re: An Open Informal Letter To Beaf On Fuel Subsidy by DrugDoc: 1:54pm On Oct 11, 2011 |
@Kruku, I hope you saw the Abia rape video. That is probably the kind of revolution that will occur. If MEND is wise, they will use this opportunity to seize their oil once and for all. You and your red eyes will still survive. The fuel subsidy is seriously slowing the development of Nigeria. Anyone that wants progress and jobs should support its removal. |
Re: An Open Informal Letter To Beaf On Fuel Subsidy by aljharem3: 2:37pm On Oct 11, 2011 |
Parnassuss: Gbammmmmm that is the point of this thread and not to ridicule anyone |
Re: An Open Informal Letter To Beaf On Fuel Subsidy by DrugDoc: 3:05pm On Oct 11, 2011 |
The government has admitted its failure and mediocrity but you don't want to hear. We are all responsible for this mess. Its failure and mediocrity is Nigeria's too. It wants the private sector to run things for a profit since Nigeria by its design lacks patriotism. If NITEL were running the gsm sector, you can just imagine where that sector will be now. We will only bring misery on ourselves by asking a government of looters to refine and subsidize our fuel. |
Re: An Open Informal Letter To Beaf On Fuel Subsidy by garsul: 5:01pm On Oct 11, 2011 |
much said about deregulation/removal of subsidy, how has this made kerosene and diesel available and affordable to on average nigerian? if government is to remove subsidy then we dont have need for government in nigeria anymore because the only benefit we get from government is cheap fuel as they cannot provide security, healthcare, education, good roads etc. and for those that argue that subsidy goes to the pocket of only a few, how can that be, when with subsidy every nigerian is able to buy fuel at N65, while without it we will by at N200, so is the difference not going into the pockets of every petrol buyer? |
Re: An Open Informal Letter To Beaf On Fuel Subsidy by Revolutnz: 6:01pm On Oct 11, 2011 |
Nigeria refines a combined 445,000 barrels per day(at full capacity ![]() ![]() The question is, are our leaders sincere enough to use the trillions of naira meant for oil subsidy to build a world class refinery like that of India and Saudi. Your answer is as good as mine http://en.wikipedia.org/wiki/List_of_oil_refineries#World.27s_largest_refineries |
Re: An Open Informal Letter To Beaf On Fuel Subsidy by lanrefront1(m): 6:26pm On Oct 11, 2011 |
DrugDoc: What are you saying man? If you are clueless about a matter, it's not by force that you must comment. |
Re: An Open Informal Letter To Beaf On Fuel Subsidy by moshoodn(m): 11:32pm On Oct 11, 2011 |
Lord, let this subsidy not be removed! Cos if removed, it would be spent on pleasantries and toiletries and frivolities! |
Re: An Open Informal Letter To Beaf On Fuel Subsidy by grandstar(m): 1:27am On Oct 12, 2011 |
Fuel subsidy is a waste of resources. The government does not only spend about 1trillion a year but the private sector will not invest in the oil sector unless the price is free. Investment can create a lot of jobs. |
Re: An Open Informal Letter To Beaf On Fuel Subsidy by naijaking1: 1:31am On Oct 12, 2011 |
Once again, let ask all pro-subsidy N/Lers one question: What do you say to people who are already paying more at the filling stations today than they would if the subsidy is removed ![]() |
Re: An Open Informal Letter To Beaf On Fuel Subsidy by stormm: 3:22am On Oct 12, 2011 |
Any link to PPPRA template for petroleum pricing? It will assist in understanding the perspectives on subsidy and the allowances |
Re: An Open Informal Letter To Beaf On Fuel Subsidy by aljharem3: 5:19am On Oct 12, 2011 |
naijaking1: who are the people already paying more today at 65N per litre than they would at 142N per litre ? becos I do not understand your question |
Re: An Open Informal Letter To Beaf On Fuel Subsidy by sartorius(m): 6:16am On Oct 12, 2011 |
total removal of fuel subsidy would be a disaster awaiting .with one of the highest unemployment rates in the world and the recession caused artificially ny the ineptitude of our leaders why cant the federal goverment buy up some refiniries even abroad that would supply most of the domestic demand, if they cant secure or trust the operators down here Must we pay fully for their incompetence, However the over 1 trillion bill is crazy, it even allows the naira to fall more freely. i suggest a review of 80 per litrem if the economy was really growing fast that is minus the oil sector . then prob our budget would be large enough, prob we wouldnt be import dependent. our leaders are not thinking. the subsidy is the best tax cut to boost productivity |
Re: An Open Informal Letter To Beaf On Fuel Subsidy by Demdem(m): 8:05am On Oct 12, 2011 |
naijaking1: To be honest, your question is baseless. Tell us where such happens except when there is scarcity and peeps are forced to buy from the black market. i also av a question for u; Do U STAY AND LIVE IN NIGERIA? |
Re: An Open Informal Letter To Beaf On Fuel Subsidy by Nobody: 8:18am On Oct 12, 2011 |
All those foools supporting fuel removal subsidy, are you guys on cheap dopee or what? very silly ediotz i must say. So you guys are using NL to judge how nigerians react? Foools. Just let the fuel price increase and then Nigeria shuts down, it may not happen by January but give it 6 months and you guys will swear never to support this silly move. Fooooooooollllllllllllllsssssssssssssss |
Re: An Open Informal Letter To Beaf On Fuel Subsidy by Nobody: 8:31am On Oct 12, 2011 |
GEJ should do whatever he feels is best for Nigeria. Nigerians gave him the mandate to rule them for the next 4 years - Nigerians should stop complaining and give GEJ government all necessary support and corporation to achieve the aim of the PDP mandate which of course we know it simply means sucking the country dry! We choose to be the WASHER-MAN DONKEY THAT IS FOOLED TWICE [or is it thrice] so lets accept our faith in good faith! END OF DISCUSSION! LET THE FRESH AIR CONTINUE. . . |
Re: An Open Informal Letter To Beaf On Fuel Subsidy by aljharem3: 8:37am On Oct 12, 2011 |
diluminati: PointB, niajaking and relax101 are not Nigerians but have nigeria ancestry living in the Uk and USA these people are a wicked set of people and do not care about Nigeria same with the defualt prime minister Iweala that is been paid 600,000 dollars every month or so apart from other econmic teams she is in. Iweala does not have Nigeria best intreast at heart. she lived all her life in america where things work for the best at the expence of the world ie africa while she keeps trying to devalue the Naira I do not know today SLS increased the value of Naira Please beg GEJ not to listen to Iweala we are an oil producing country and should not be compared to America. because if america pays 2 dollars per litre should not mean we should do the same OUR CURRENCIES ARE DIFFERENT and should not be compared |
Re: An Open Informal Letter To Beaf On Fuel Subsidy by ejunkie(m): 10:16am On Oct 12, 2011 |
Crazy silly funny!!! ![]() ![]() ![]() ![]() ![]() ![]() Goodluck's 100 Days in office [flash=560,315] https://www.youtube.com/watch?v=2dPYrOeLVqk[/flash] |
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