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Nairaland Forum / Nairaland / General / Politics / IMF Tells FG To Remove Electric And Fuel Subsidies, Give More Jobs (16683 Views)
Stop Electricity Subsidy, IMF Tells FG / Why Tinubu Must Restore Fuel Subsidies Now - Farooq A. Kperogi / Return Of Fuel Subsidies Disturbing, IMF Tells FG (2) (3) (4)
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IMF Tells FG To Remove Electric And Fuel Subsidies, Give More Jobs by BeeBeeOoh(m): 11:53am On Nov 20, 2021 |
The International Monetary Fund (IMF) has called on the Federal Government of Nigeria to completely remove fuel and electricity subsidies early next year. https://dailytrust.com/imf-tells-fg-to-remove-fuel-electricity-subsidies 2 Likes 1 Share
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Re: IMF Tells FG To Remove Electric And Fuel Subsidies, Give More Jobs by PrinceOfLagos: 11:54am On Nov 20, 2021 |
Does the president listen to advice ? He doesn't listen to anybody 7 Likes |
Re: IMF Tells FG To Remove Electric And Fuel Subsidies, Give More Jobs by dawnomike(m): 11:56am On Nov 20, 2021 |
From where is the government to create more jobs...? They will end up removing subsidy and create audio jobs for the masses causing more hardship for Nigerians. 102 Likes 7 Shares |
Re: IMF Tells FG To Remove Electric And Fuel Subsidies, Give More Jobs by funshint(m): 12:10pm On Nov 20, 2021 |
I shiver anytime I hear IMF giving a country advise. Those people are demons! 170 Likes 14 Shares |
Re: IMF Tells FG To Remove Electric And Fuel Subsidies, Give More Jobs by Moferere: 12:12pm On Nov 20, 2021 |
And see master of all protests January next year. Nansense IMF 22 Likes 1 Share |
Re: IMF Tells FG To Remove Electric And Fuel Subsidies, Give More Jobs by optionalY09: 12:15pm On Nov 20, 2021 |
If these institutions really want to help the Nigerian people they should help us divide the country. That’s what the progressives want They should stop these misleading and experimental advises 52 Likes 4 Shares |
Re: IMF Tells FG To Remove Electric And Fuel Subsidies, Give More Jobs by Nobody: 12:19pm On Nov 20, 2021 |
Make the Government remove total subsidy on Electric and fuel... Under which salary? If this is going to happen, pay at all level should be increase. Subsidy have to go, but it shouldn't be at the same time. 15 Likes |
Re: IMF Tells FG To Remove Electric And Fuel Subsidies, Give More Jobs by ojun50(m): 12:27pm On Nov 20, 2021 |
Na buhair them advice or APC 3 Likes 1 Share |
Re: IMF Tells FG To Remove Electric And Fuel Subsidies, Give More Jobs by Nobody: 12:27pm On Nov 20, 2021 |
While the same IMF would be first to announce inflation rate, unemployment rate and poverty rate.. 18 Likes |
Re: IMF Tells FG To Remove Electric And Fuel Subsidies, Give More Jobs by Nobody: 1:05pm On Nov 20, 2021 |
If subsidy goes, investment flows in...meaning more and more jobs Also, more and more taxable income. But Nigerians want cheap fuel and cheap power... 5 Likes 2 Shares |
Re: IMF Tells FG To Remove Electric And Fuel Subsidies, Give More Jobs by Nobody: 1:13pm On Nov 20, 2021 |
On a more serious note, removing subsides on fuel and power means two things 1.Government stops spending money on subsides...which means that more money gets saved...plus due to investment flowing in, there is more taxable income from jobs and company earnings..more money for government 2.Second, since there is no subsidy, the electric and power companies now work at a profit, which means they would earn enough money to build more refineries, power stations, etc. They would also be able to afford to buy cables, wires, transformers , so that power customers can stop buying those things. And there would be foreign investment because now people can make profits in the sector...and finally more and more jobs. Finally, a note on subsides. Government controls the price of power and petroleum...which they set below the cost of productionmeaning that power and petrol companies run at a loss...meaning that subsides have to be paid to keep the companies from going bust. But because the cost of production rises, and is never static, the government sometimes has to reduce the amount spent on subsidies to save money...and that manifests as a price increase. The ideal would be for subsides to go and price to be in the hands of companies in the petrol and power sector...so that they earn profits to fix and upgrade services....and also competition would bring down prices. The high price aspect of removing subsides...and the knock on effects (food price increase for example) is why most Nigerians oppose subsides. That shock can be mitigated by government doing as was done in some other countries..paying some money to car owners to mitigate subsidy related rises. 14 Likes |
Re: IMF Tells FG To Remove Electric And Fuel Subsidies, Give More Jobs by sapientia(m): 1:32pm On Nov 20, 2021 |
Nigerians are busy with 2023 Come back later please 1 Like |
Re: IMF Tells FG To Remove Electric And Fuel Subsidies, Give More Jobs by Nobody: 1:37pm On Nov 20, 2021 |
Hmmm, so at these prices, they are still subsized? 2 Likes |
Re: IMF Tells FG To Remove Electric And Fuel Subsidies, Give More Jobs by CocoaOla: 1:38pm On Nov 20, 2021 |
Nigeria goverment is Scammer scamming innocent Nigerians Inflations increase Salaries decrease 1 Like |
Re: IMF Tells FG To Remove Electric And Fuel Subsidies, Give More Jobs by Nbotee(m): 1:38pm On Nov 20, 2021 |
But which jobs will they give wen the Tozo in Aso Rock categorically stated there are no jobs 1 Like |
Re: IMF Tells FG To Remove Electric And Fuel Subsidies, Give More Jobs by donbrowser(m): 1:38pm On Nov 20, 2021 |
They will only obey the first advice. 2 Likes |
Re: IMF Tells FG To Remove Electric And Fuel Subsidies, Give More Jobs by AroleOduduwa2: 1:39pm On Nov 20, 2021 |
International monetary fraud have spoken. 6 Likes 2 Shares |
Re: IMF Tells FG To Remove Electric And Fuel Subsidies, Give More Jobs by Chieffoo007: 1:39pm On Nov 20, 2021 |
Davido For president 2023 3 Likes 1 Share
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Re: IMF Tells FG To Remove Electric And Fuel Subsidies, Give More Jobs by Olayetan(m): 1:43pm On Nov 20, 2021 |
Macsjebs: As in, Wonder what the price will be if they eventually remove the subsidies. 6 Likes |
Re: IMF Tells FG To Remove Electric And Fuel Subsidies, Give More Jobs by Newyorkitis(m): 1:44pm On Nov 20, 2021 |
They have made us to believe that government does not provide jobs.... But they know how to loot us dry: that is their job. 3 Likes |
Re: IMF Tells FG To Remove Electric And Fuel Subsidies, Give More Jobs by BosseJ: 1:44pm On Nov 20, 2021 |
E go tough. Nigerians are not ready to start paying for expensive fuel and increased electricity tarrif 1 Like |
Re: IMF Tells FG To Remove Electric And Fuel Subsidies, Give More Jobs by Nobody: 1:44pm On Nov 20, 2021 |
In as much as I admire the western people, It's unfortunate that they are the primary cause of most "Niggers Problems" I've always known this since. But the main Issue Is "Can Niggers ever think positively for themselves? Can niggers ever stand up and come together to face the colonial masters eye to eye and tell them enough Is enough? Even Niggers are extremely Oppressing their fellow Niggers and they hate and harbor themselves so much. " It's A Social Conditioning" that's not happening soon and I don't even think such thing will ever happen. It'll take light years for all Niggers to Fully EVOLVE..... 4 Likes |
Re: IMF Tells FG To Remove Electric And Fuel Subsidies, Give More Jobs by Patrioticman007(m): 1:44pm On Nov 20, 2021 |
Evil people destroying Nigeria since structural Adjustment Program (sap) of the Ibb regime. IMF, World Bank, UN, WHO all want Nigeria to fail, for their gods to drink blood & tears of innocent souls. 7 Likes 1 Share |
Re: IMF Tells FG To Remove Electric And Fuel Subsidies, Give More Jobs by joyandfaith: 1:46pm On Nov 20, 2021 |
funshint: Imf people are demons. The problem is their policies for Africa cannot work. They are for them. European American countries are operating at higher level. We have to look inward in Africa to develop our continent based on our values and cultures. We can only do that if we stop requesting for aids. 6 Likes 1 Share |
Re: IMF Tells FG To Remove Electric And Fuel Subsidies, Give More Jobs by Danjikanbauchi: 1:47pm On Nov 20, 2021 |
Because they know Buhari is an illiterate Terrorist who is happy when Nigerians are in pain. That was why they keep pissing him around. 1 Like 1 Share |
Re: IMF Tells FG To Remove Electric And Fuel Subsidies, Give More Jobs by promisedire: 1:47pm On Nov 20, 2021 |
Theoretically IMF conditions always looks good and aims to bring positive changes to the economy, however in reality it will definitely bring more hardship and problem to the average citizen …… removing subsidy should remove government expenditure but with the present economic situation, average citizen purchasing power has been reduced drastically. IMF na another modern colonizer; their condition is always bringing doom to our economy. 10 Likes |
Re: IMF Tells FG To Remove Electric And Fuel Subsidies, Give More Jobs by atiku07(m): 1:49pm On Nov 20, 2021 |
backbencher: All u said is true but only in theory. it will not work in Naija. Which companies will upgrade services ? u are very funny Naija companies are criminal in nature. No just deceive ur self those companies will make mad profit and end up rationing electricity for u forget it see for urself what those distiribution companies are doing even the oil companies will not build any stupid refinery they will rather buy it from outside and sell since it is all about profit. The truth is Naija is not yet ripe for those stupid advices by IMF. You want subsidy to go yet u have bad currency and a very low salary forgetting the fact you are a consuming nation and not a producing one, see ehn! u are wicked no be small. subsidy never waka small wey dem comot see where we are! inflation every where u all sit in comfort of diaspora or claiming experts consenting to some theoretical stupidity without looking at the realities on ground. 27 Likes 3 Shares |
Re: IMF Tells FG To Remove Electric And Fuel Subsidies, Give More Jobs by Nobody: 1:49pm On Nov 20, 2021 |
I love Buhari Let's support him for third time |
Re: IMF Tells FG To Remove Electric And Fuel Subsidies, Give More Jobs by Skillsnigeria: 1:49pm On Nov 20, 2021 |
Hmmm |
Re: IMF Tells FG To Remove Electric And Fuel Subsidies, Give More Jobs by Nobody: 1:51pm On Nov 20, 2021 |
Las las, na una go suffer. The IMF controls Nigeria. The IMF are the ones saying they should remove every government subsidies on products while developed countries are told to keep their subsidies 9 Likes 1 Share |
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