Choiceone1:
Aridin agba. He removed subsidy openly and lawfully then he now reintroduced d subsidy at our back unlawfully which is an impeachable offence and he keep deny it meanwhile b4 he removed d subsidy we were buying fuel #200/liter with less dan 200b subsidy every month after removing is now #700/liter . Now that the subsidy is back we are now paying #700b subsidy which means he has worsen d situation and destroyed it . if he wants to help the country he should return it back to 200/liter

RoyalUc:


You don't have shame.

When the subsidy was not removed how much was fuel? And what were the prices of commodities and transportation like before?
Ok, now that your Tinubu is doing us the favour of secretly paying for the subsidy, what positive impact have that had on the economy? Have the prices of things returned to where they were before he became President?

tishbite42:

But he destroyed the little economy we were managing by saying that the subsidy is gone

Why is he paying it now? Without provisions for it in the budget. Tinubu is a legendary thief.

Blazetrailer:
LOL
Gosh!!..its obvious you are shallow in reasoning
You still haven't got. Let me type it in caps, maybe it will sink in deeper.

NAIRA WAS DEVALUED DELIBERATELY BY THE NIGERIAN GOVERNMENT TO ATRRACT FOREIGN INVESTORS UNDER THE GUISE OF FLOATING!!

World Bank and IMF called it out in March 2924(that's if you read independent and objective news sources though) that the Niherian government DEVALUED their currency deliberately. All it her nonsense about floating is gibberish.

I'm done with a dumbo like you though. Same set of people never believed the Nigerian government was still paying fuel subsidy, something that was called out by IMF as far back s November 2023....just a few months after ut was claimed " subsidy is gone"

ajadematanle:
Now I know most of you that commented are empty headed and anti Nigerian. What’s your business if government is keeping quiet on subsidy. Once you’re getting fuel at N 568 you should be okay. Do you want to buy at N1200

malali:
GOVERNMENT IS FACING LOUDER CRITICS.

WHERE WERE THESE CRITICS WHEN BUHARI WAS THERE.

ITS HIGH TIME THE GOVERNMENT EXPOSES A LOT MORE PEOPLE.

GET A MINISTER OF INFORMATION , A PROFESSIONAL PERSON TO ENGAGE MISCREANTS AND OPPOSITION, YOUR LUKEWARM ATTITUDE WILL COST YOU. PEOPLE ARE JUST TALKING WITHOUT JURISDICTION ON THE ISSUE AT HAND.

THE GOVERNMENT IS PLAYING TOO MUCH DEFENSIVE WITH THE INFORMATION, SOMETIMES YOU NEED TO STRIKE FIRST AND STRIKE HARD.

BECAUSE CRIMINALS ARE COMING ONLINE TO PREACH RIGHTEOUSNESS

searchlight:
Zombie spotted

malali:


We are praying for you.
Get well soon.

Tayorshd87:



Yes u are right but what am telling you is that even if he didn't remove it from onset Nigerian may have collapsed because we will run out of fund .

Don't forget petrol pump price is a global market with a global price .

So it's difficult or not always possible to sell at any amount and that's why they are aging the rest 400 per liter 🤔 which is d logical subsidy .


With over 700b per month so meaning if subsidy is on then it's going to be over 2trn per month 😢😭


Subsiding fuel from onset in Nigeria has caused a lot of mos concept meaning if subsidy no dey before at all since 1990 then till date we should know d price of things to be normal.

Goto UK and IS and co there pump price is over 2000 and 1 bottle of coke is over 1700

But Nigeria here subsidy dey make use buy am 100 and yet we Wil blame and cause bad government 🤔🤔🤔🤔

Not knowing the government are even doing us good to make life easier for us .

Please don't argue blindly just try to verify things

DaddyCoool:


This is actually ridiculous. You keep quoting people analyzing the EFFECTS of the floating.
OK, here is a simple question that'll demonstrate to you what a genius you are:
If Tinubu had come out and said the Naira was overvalued and that they would "permanently" peg it at 1.5K to the $, to be reviewed every 3 years. WHAT WOULD YOU CALL THAT??
Now run along and stop disturbing my peace!

Tayorshd87:


U are correct bro .

Petrol is a global market and not a market u can sell at any price ..

When Johnathan was there even Buhari d pump price wasn't as high as this .

Then removing subsidy too is a way to develop d nation to have more funds but the global pump price high again to 1170 but we are buying at 600

Now imagine if all d subsidy was gone meaning we are going to be buying fuel for 1170 🤔

Then d price of food transportation etc will be times 5 of what we are buying or paying now 😢

Petrol is just global u can ask or make findings please 🥺

Blazetrailer:
You are a simpleton.
I now know why a corrupt human being with shadowy background and criminal past found his way to becoming the President of you people in that country. I initially wanted to ignore you but remembering that there may be other dim-witted and half educated buffoons who may be reading this and think you are making any reasonable point.

Now listen, there is no thin line between full floating of a currency and regulating it. Its either its fully floated and the Central bank only plays a regulatory role or they still get involved in fixing the rates somehow. You admitted below that you were not referring to a full floating of the naira, so what is it then?? Partial floating?? You started this by saying naira was floated and after giving you the markers of a floated currency, you changed and stated that you were not talking about fully floated currency. So what were you talking about

Your stupid argument is that since the President does not announce a particular rate(as if rates had always been announced by the Presidents previously), then it is floated. Daft!! It akin to those who said since Tinubu announced subsidy was over, so there was no subsidy again. Only simpletons reason like this.

Do you see the Bank of England, Federal Reserve in the US, Bank of Canada or Bank of Australia take some monies from their foreign reserves and sell at a particular rate(to which nobody know how it was determined) to some set of people while others buy at a different rate??

Do you see the Bank of England, Federal Reserve in the US, Bank of Canada or Bank of Australia compel their commercial Banks to deposit their foreign currency with them??

Have you ever been informed by these aforementioned banks that there was an error in the excel sheet they used in calculating the exchange rate as such the rates they were using before was lower and incorrect??

Naira was devalued. Finish!!

IMF/World Bank had called this out clearly in their March 2024 report and stated that the currency was still not floated and government was still subsiding imports. The link below should awaken your dead gray matter, if at all you had any. The fact that CBN does not announce official exchange rate does not make the naira floated. Stop reasoning like a simpleton!!! I cant help you further than this, my brother.

https://www.focus-economics.com/countries/nigeria/news/exchange-rate/central-bank-devalues-naira-again/

DaddyCoool:


Guy what is your problem?? How can it be so hard for you to grasp such simple a concept? I started this by defining for you what is meant by float! That should have been the end of the discussion. Instead you went on writing rampage, writing non siquitor long epistles! I'll let these folks below educate you further

searchlight:
Pray for your president and the ZOO economy. You need that more.

Blazetrailer:
LOL!!! I can't stop laughing. This guy na waste of time abeg. Imagine the level of buffoonery!!!

I thought this idiot had any credible and independent source of his spurious stupidity....seeing the personal views and articles on pages of LinkedIn he attached below just corroborated what I had inkled all along.

This buffoon does not have the capacity of reading and making an objective conclusion from what he has read. He relies on on the thoughts or personal opinions ofnpeople expressed on the LinkedIn pages. Chikena. Case closed. Lobatan!!!

They said it is floated...so it is floated....without understanding first, the true meaning of floating.

Omashey o!! No wonder criminals like akpabio and uxzor kalu are the ones making rules for them and presided by a known drug bag man, when they reason like this.

Guy, rest...stop disgracing yourself and your lineage further online abeg!

tishbite42:

Wow
Nice defence
So, you knew all these things and still protested against Jonathan
😂😂😂😂😂
Well, Nigerians can see your hypocrisy
Continue

Tayorshd87:


Am not defending am only clarifying .

Look at Kenya morrocco and other countries experiencing hardship too including people in Canada , UK US u can ask do u want to tell me ti mnubu is also their president over there

If we hate somebody doesnt mean we should justify what is right or wrong about that person.

Am not an APC supporter or rather like Tinubu but the situation on ground is not about who is d president that's what am telling u

Let him announce total removal of subsidy then u Wil understand me better if pump price will be 1170.


Then we can buy a coke like 1000 then and transport will be time 5 of current price .

Choiceone1:
. The mistake u are making is Tinubu that made to enter #700b because he float our naira

tishbite42:

Gerrara here
You peeps are disgusting
Hypocritical fiends
Karma is real
You'll see it play out
We're just watching on the sidelines

Tayorshd87:



What are u watching mtheeww

We are in it together na since u don't have sense .

So u mean they should subsidize all our resources till Jesus comes Abi 🤔

Na d government I blame for using subsidy to train us for over 40years .

Pepsi that suppose to be 500 from onset we dey buy am 100

Now that they stopped it u keep blaming them.


Even when d subsidy is on people we're still abusing the government.

Nigerians are ingrate

Tayorshd87:


God bless you .

He should have at least study the situation.

Also try to remove for a month alone to see how things her while he will plan for alternatives.
He was just too quick to speak 🙊 rubbish 😡 and causing problems till date

DaddyCoool:


You can insult me all you want as long as you understand that the Nigeria govt FLOATED the Naira, which led to sharp depreciation of the currency. Any later action of the govt was to prevent further depreciation, and does not mean the Naira was not floated

Blazetrailer:
Lol
Oponu!! Hear yourself .....any later action from government was to prevent further depreciation " but its floated....

A new level of buffoonery. I'm done with you if you can't see you arr dancing in circles.

Go online and type naira devaluation and you will see 1000 more articles from far more credicle sources including IMF Reuters,Bloomberg, World Economic Series The Economist,IMF on why what hapoend is called devaluation and not floating....instead of quoting all the nonsense personal opinions expressed on LinkedIn by your fellow dim-witted olodos

DaddyCoool:


I'll end this by recapping what you've already been taught. You go and learn the rest by yourself.
1. No country's currency is fully floated or fixed (see below).
2. Nigeria FLOATED her currency in June 2023, as promised by president Tinubu.
3. The effect of this "hands off" was depreciation of the Naira

Now buzz off and stop wasting your time arguing nonsense!

DaddyCoool:


Except Naira floating. They can't reverse that one because no forex to defend Naira!

TUTU147:
Before removing subsidy,the government supposed make our refineries work.if we can produce all we consume all the money used in importing fuel and others will go to infrastructure, agriculture and security.This is the only way to end all this rubbish from nnpc.imagine nnpc workers receiving salary for the past years without refining any product.