koruji:



Even Ghana did not implement its initial subsidy removal this way. Nigeria is not Ghana - let GEJ proceed without paying attention to the other side of the ledger. We will all be here to witness the aftermath.

Beaf:



@topic
I wonder when Nigerians will finally realise that they have been sold cheaply into slavery for N65.00 per litre petrol? I feel really pained when folk make passionate arguments to remain in economic chains, it really makes one wonder.
What sort of country subsidises consumption? All developed oil producers DO NOT subsidise fuel for consumption, its only the backward developed countries that do so; instead, they see subsidies as investments to be poured into productive areas like research, education, agriculture, health, manufacturing etc. But not Nigeria, cos everything we do is upside down.

efisher:

After all said and done, the wasteful subsidy WILL be removed. When a child refuses to swallow a bitter pill, you shove it down his throat. Hahaha   

What if the child spits it out  . . . .You spank him right  . . . but seriously . . .the subsidy removal should be in a graded manner to mitigate the shock the entire system might feel . . but, nevertheless . .i still don't support the notion that NNPC decision to involve the original contractors who built our refineries for TAM won't produce results . . . especially when it is a deviation from the past . . . .  . . .

BTW, blatant cynicism coupled with partisan venom is not a commendable trait

efisher:

After all said and done, the wasteful subsidy WILL be removed. When a child refuses to swallow a bitter pill, you shove it down his throat. Hahaha

rolchi:

Gbam, lets' remove this subsidy and move forward! The question I ask people like Gbawe and all anti-fuel subsidy removal apostles is this:

Are we creating jobs in the downstream sector of the oil and gas under the current arrangement? If your answer is that the government should build more refineries, I will ask again: Mention one government owned company that is currently working to full installed capacity and are currently recruiting or have recruited in the past two years?

Every year, you hear of Total Recruiting via their website, NLNG, Mobil, etc! The one interview Nigerrians and Nairalanders wrote for NNPC was conducted at night and heaven knows how many people were eventually employed and they have to wait for another 2 years for recruitment, but people retire from NNPC every year.

The fuel subsidy is not about price for fuel but creation of jobs; opening of the sector so that we can get jobs. I need to be a big man in the new refinery coming out when the subsidy is removed

Support the Fuel Subsidy Removal, Support GEJ, Support efisher, Support Beaf!


God bless the Federal Republic of Nigeria
God bless President Goodluck Ebelemi Jonathan
God bless Nairalanders

Gbawe:

You should learn the truth about the whole subsidy issue before speaking ignorantly. The Major marketers , often with majority of their operation legitimate, will not be affected by subsidy removal . It is Nigerians and , at worst, the many "independent" marketers that came on board under Yar Adua and GEJ , often with no background in  the oil business, who will lose out.

You need to know the real issues instead of sounding like a country bumpkin with silly talk about "people wey dey benefit from subsidy na dem dey whine for NL". You may not have a real life or perspective beyond NL but highly simplistic to think all of us are in the same boat as you because we comment here. I personally speak only because of what subsidy removal portends for ordinary Nigeria and not because I will be affected by subsidy removal either way.

A-ZeD:

The Bolded above is a big fallacy,
From a business man point of view, its cheaper to import fuel than build a refinery!!
If you build a refinery esp in Nigeria, you will have to generate your own power, maintain the refinery, buy the crude at international price, pay your staffs(cost of doing business in Nigeria is one of the highest in the world).
If you import, less staff to pay, less capital needed and you still make your profit.

rolchi,
nobody is against subsidy per se, the opponents of subsidy removal are just saying removing subsidy does not solve the problems which got us here in the first place!

rolchi:

@bolded
Hmmmmm, Okay o! Very soon, Nigerians will flood Ghana to build refineries and employ Ghanaians and we will begin to say again "Go to Ghana, how many refineries do they have?" "Why can't our government do like Ghana?"

This is the time to do like Ghana, Remove the Fuel Subsidy to stimulate the downstream sector so that jobs can be created!


God bless the Federal Republic of Nigeria
God bless President Goodluck Ebelemi Jonathan
God bless Nairalanders

Relax101:

Let me rephrase it. If you dnt support subsidy removal , you(Gbawe and your likes) wholly support corruption or you have friends/associates that benefits from the current system.

MyloXyloto:

E be like say this award wey dem give Gbawe don enter im head oh. See as e just dey take style curse people like say na im know pass. Ok oh Mr Noah Knower, make your points without sounding as if you know everything.

Gbawe:

Every comment I made here was posted before I was aware of any award. Why do you not have any issue with efisher who labels Nigerians as "lazy folks" because he is intellectually too "lazy" to note that Ghana is a very different Country to Nigeria? Can you compare a 15% rise in the price of petrol in a nation with virtually 24/7 electricity (Ghana) to what obtains in Nigeria where 100%-125% rise in fuel will cause chaos due to how refined derivatives of crude are used for fueling vehicles and generating electricity for individuals and businesses? How about Beaf who jumps in to blindly side with efishers? What of Relax101 who insinuates that I am a beneficiary of fuel subsidy? You really show objectivity having an issue with Gbawe and with no one else.

efisher:

*I'm ignoring every unnecessary and immature squabble with other posters*

@ Topic, The target of fuel subsidy removal is not to solve all our problems but to ensure the more efficient use of our resources. I have interacted with some of the top players in the refining business and one point that stands out whenever they talk about Nigeria is the fact that Nigeria is in a good position to refine locally except for the impracticable policies that stand in the way. What do they mean? Two major (basic) ingredients are required for success in this business. They are:
1. Access to free on board (FOB) Crude
2. Access to Cost Insurance and Freight (CIF) market.

Guess what: we have both! The problem however is that the CIF market is subsidized and regulated by the government. The only antidote therefore is to deregulate it. Subsidy however, stands in the way of deregulation.

The argument at this point should not be whether or not subsidy should be removed but how it should be removed. Should it be in phases? Should an alternative be provided b4 its removal? Should a new market to support local refining be created? Etc. These are the issues on which we should be exerting our brain power.

rolchi:

As always in support of efisher; Fuel Subsidy removal is not about stopping Corruption! NO and a bigger [size=14pt]NO[/size]! Even in the USA and with all their sophistication in anti-crime policies and actions; FBI, CIA, DEA, etc, etc, etc, etc, Maddof still spinned Americans of 50Billion Dollars. With all the talk about Immigration and effectiveness and efficiency of DOS and DEA, Mexican still carry drugs in high quantity in to the US.

Fuel subsidy is not about suffering Nigerians but I am talking of stimulating jobs; creating more jobs for the "ever articulate: Nigerian youths like you and me. If we remove Fuel Subsidy; there will be competition, more refineries will be built by the likes of Otedola, Dangote, Adenuga, Olabode,       ! We will all go and work for them. Even the IOCs will build and we go and work! We needs jobs.

This is not about electricity or transportation; it is about JOB CREATION!

If we don't, trust the Nigerian Cabal       ! They will soon flow in Ghana, build refineries, employ Ghanians, smuggle the fuel back into Nigeria, sell at 80Naira after collecting their Susbsidy allowee! Then send it back to Ghana, sell at 190Naira, to much money for the bigger bois and no job for the common man.

Nigerians, wise up now!


Again, this is the time to do like Ghana, Remove the Fuel Subsidy to stimulate the downstream sector so that jobs can be created!


God bless the Federal Republic of Nigeria
God bless President Goodluck Ebelemi Jonathan
God bless Nairalanders

excellence44:

personally i see nothing wrong with subsidy removal.but my thing with it is that Nigeria is not ripe for it.Reasons are,our refineries dont produce up to 50% of our need,fuel is our major source of power.I bet you until we resolve these two major issues,we will still find our self arround there.

A-ZeD:


rolchi,
nobody is against subsidy per se,  the opponents of subsidy removal are just saying removing subsidy does not solve the problems which got us here in the first place!