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Nairaland Forum / Nairaland / General / Politics / IMF Insists On Fuel Subsidy Removal (17062 Views)
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Re: IMF Insists On Fuel Subsidy Removal by hansomb: 2:51am On Feb 08, 2022 |
iwaeda:Those DIRECTORs head tí dàru. D one they removed before what have they achieved with it ? |
Re: IMF Insists On Fuel Subsidy Removal by Powersurge: 3:04am On Feb 08, 2022 |
ThinkSmarter: E be like say head dey pain this one. Wetin OBJ and Jonathan tell u wen dey dey increase fuel Price? How many of them have you seen? Leave d subsidy. Whoever is benefitting from it, I don't give a fvck. 1 Like |
Re: IMF Insists On Fuel Subsidy Removal by sulaak(m): 3:13am On Feb 08, 2022 |
Racoon: According to Mele Kyari , fuel subsidies was removed in 2020
2 Likes |
Re: IMF Insists On Fuel Subsidy Removal by gaby(m): 3:17am On Feb 08, 2022 |
Last night I was just discussing with a friend and we both concluded that Africa is being set up and at best will become a museum for the world or a huge farmland for the whites and Asians to have a fields day on. It is already happening though. Most of these policies as geared towards suffocating, inatalmentally reducing the aboriginal population, and for the most part, forcing them into emigrating from their blessed land in droves to grant them easy access to take over without much of a fight. We Africans, we be the original mugus of all the entire races. Choi 1 Like |
Re: IMF Insists On Fuel Subsidy Removal by sulaak(m): 3:18am On Feb 08, 2022 |
How man jaxxy: The option is to borrow N3-4 trillion to pay for subsidies that don't exist according to Mele Kyari.
1 Like |
Re: IMF Insists On Fuel Subsidy Removal by sulaak(m): 3:26am On Feb 08, 2022 |
gaby: Rubbish, stop blaming the West and Asian, when you are voting in ex-generals that lack basic common sense. Buhari said fuel subsidies is corruption, Mele Kyari said oil subsidies have been removed in 2020,. Fuel Consumption Data Is Crazy, Says Minister Timipre Sylva. Yet stupid Africans are debating what doesn't exist, while their own leaders rob them blind using foreign currency and fake fuel subsidies. Buhari is the minister of petroleum, yet one single refinery is not working! 4 Likes 2 Shares |
Re: IMF Insists On Fuel Subsidy Removal by anonimi: 3:29am On Feb 08, 2022 |
ThinkSmarter: What fuel subsidy do you & IMF want them to remove again, after they removed it twice already in 2016 & 2020 1 Like 1 Share |
Re: IMF Insists On Fuel Subsidy Removal by anonimi: 3:31am On Feb 08, 2022 |
sulaak: Maybe ThiefNuibu was right to call Bubu an expired leader 11 years ago 2 Likes |
Re: IMF Insists On Fuel Subsidy Removal by gaby(m): 3:34am On Feb 08, 2022 |
sulaak: You'd think your post made a single sense until you give yourself a concentrated knock on the head to enable you to start daring to think outside the box and ask yourself what has been the lot of leaders/countries who have ever dared to challenge these evil IMF/WorldBank and their selfish policies and why they had to be taken out or their countries made ungovernable with demonic sanctions and avoidable wars. You won't understand because you have allowed yourself to be raised by their standards after all, the school you'd claim to have gone was their set up including the books you had to read and curriculum. The major problem of Africa/Africans is that, 99% of the population have been successfully manipulated with this same thinking of yours. |
Re: IMF Insists On Fuel Subsidy Removal by sulaak(m): 3:37am On Feb 08, 2022 |
Basicend: If you intend to prioritise the welfare of Nigerians then remove oil subsidies immediately because it doesn't exist in the first place. If Nigerians insist that subsidies exist, then the government will acquire $7 billion loans and share it among themselves. If 96% of Nigerians are suffering, they should revolt and remove the government. Buhari said fuel subsidies is corruption, Mele Kyari said oil subsidies have been removed in 2020, Fuel Consumption Data Is Crazy, Says Minister Timipre Sylva. Yet stupid Africans are debating what doesn't exist, while their own leaders rob them blind using foreign currency and fake fuel subsidies. Buhari is the minister of petroleum, yet one single refinery is not working! Fuel subsidy gone forever in Nigeria – NNPC GMD ByBassey Udo April 7, 2020 3 min read https://www.premiumtimesng.com/news/headlines/386370-fuel-subsidy-gone-forever-in-nigeria-nnpc-gmd.html 2 Likes |
Re: IMF Insists On Fuel Subsidy Removal by Tekzyflex(m): 3:40am On Feb 08, 2022 |
It won't have any impact on the common man. Thieves 2 Likes |
Re: IMF Insists On Fuel Subsidy Removal by Nobody: 3:43am On Feb 08, 2022 |
Ochys87: Bro the best window to remove subsidy was in 2012, when the exchange rate was so favourable for the country. But these same people in power and Tinubu urchins played politics with it. Look more than 40% of our FX earnings go into petroleum importation and subsidies and at a time when we are not selling our crude like before despite the high prices is making this an unsustainable business and again the insincerity of this government has made our situation more precarious. In GEJ regime it was corrupt as at 2012 they pushed the subsidy from 11 to 23 million litres which was why they wanted to remove subsidy, but in this so called righteous government of APC the demand was jacked from 23 to 90 million litres on what basis was this figure arrived at? you can see the fraud in the system. IMF is actually advocating the right thing because this fuel subsidy is encouraging corruption and smuggling rather the subsidy should be channelled to other welfare policies to cushion the impact on the citizens. Subsidizing for consumption doesn't stimulate the economy but rather subsidizing for growth does. 2 Likes |
Re: IMF Insists On Fuel Subsidy Removal by sulaak(m): 3:51am On Feb 08, 2022 |
gaby: Continue blaming the White man your own leaders are manipulating you for their own selfish interests. Your inferior complex is the root cause of your problem, blaming the White man when the problem is staring us in the face Buhari is the petroleum minister yet cannot fix one single refinery in 7 years. It is the White man that do am. Mele Kyari said oil subsidies have been removed in 2020. It is the White man that do am. Fuel Consumption Data Is Crazy, Says Minister Timipre Sylva. It is the White man that do am. Common national football team, Nigeria will hire a useless White coach and yet blame the white man when they lose. The people manipulating you are your own leaders. Any rational intelligent person will know that the average African leader only 100 years ago was satisfied to sell his kind for a mirror and bowler hat. 4 Likes 1 Share |
Re: IMF Insists On Fuel Subsidy Removal by gaby(m): 3:55am On Feb 08, 2022 |
sulaak: You'll hopefully grow into using your head someday. Only then will you begin to understand. I'm not exonerating our dumb leaders of any culpability, for the records. |
Re: IMF Insists On Fuel Subsidy Removal by sulaak(m): 4:02am On Feb 08, 2022 |
obynzo: Chief, the real culprit in 2012 was GEJ, all his ministers including Iweala insisted on the removal of oil subsidies but the weak and incompetent GEJ backdown. Tinubu and co were only protecting their own vested interests so that they can continue to milk the system, a true leader should have backed the intellectual in his government and removed the subsidies in 2012. The next best time to remove fuel subsidies was in 2017 under Buhari, but Nigeria was blessed with another coward president. 2 Likes |
Re: IMF Insists On Fuel Subsidy Removal by sammirano: 4:04am On Feb 08, 2022 |
It seems IMF wants to be unfortunate. |
Re: IMF Insists On Fuel Subsidy Removal by Germi9: 4:04am On Feb 08, 2022 |
OldNairalander:Make day break abeg |
Re: IMF Insists On Fuel Subsidy Removal by sulaak(m): 4:08am On Feb 08, 2022 |
gaby: When the Mali people recognised what the French were doing in their country with the help of the culpable elected democratic president, they removed the president and kicked out the French ambassador. Use your education wisely, you will soon learn that you can only hold your leaders to account. 2 Likes |
Re: IMF Insists On Fuel Subsidy Removal by Tannhauser(m): 4:16am On Feb 08, 2022 |
Re: IMF Insists On Fuel Subsidy Removal by anonimi: 4:22am On Feb 08, 2022 |
sammirano: Please why are Nigerians leaving our oil subsidy country for the IMF leading countries that don’t subsidise fuel? Are those fleeing Nigerians also unfortunate like IMF 2 Likes |
Re: IMF Insists On Fuel Subsidy Removal by Nobody: 4:23am On Feb 08, 2022 |
sulaak: No i beg to disagree. GEJ wanted to remove subsidy the issue was that they had already instigated a breakdown of law and order with the occupy ojota. if he had used force it would have left his administration in a precarious position. We are in agreement on the selfishness of Tinubu and co. For Buhari he had boxed himself in with the previous statements in the past about subsidy especially in 2012 so going back to his vomit was an admission of failure, but instead of him to swallow his pride and do the right thing he didn't do it. |
Re: IMF Insists On Fuel Subsidy Removal by proprince(m): 4:27am On Feb 08, 2022 |
This is what GEJ wanted to do 2012 before the enemy of Nigeria, TINUBU, BUHARI, BAKARE, WOLE SOYINKA, and a whole lot of them politicised it then. Buhari even said then that fuel subsidy is a scam. Look at where we are now with same fuel subsidy issue. God will punish Tinubu and bihari 1 Like 1 Share |
Re: IMF Insists On Fuel Subsidy Removal by DeepSight(m): 4:36am On Feb 08, 2022 |
ThinkSmarter: Easy for you to say, ensconced in and snugly tucked within protective blankets wherever you are. I pray you lose those warm blankets, and are compelled by the fates to experience the pinch exactly as it is felt by the unprotected. And when that pinch of fate has sunk deep into your skin, then, I pray the fates present you with a chance to revisit this subject. Thoughtless arsehole. 2 Likes |
Re: IMF Insists On Fuel Subsidy Removal by Justice4Toto: 4:37am On Feb 08, 2022 |
obynzo: Yes I said it !2012 was the year but TINUBU and the folks prevented GEJ from taking the right step. I know GEJ will be laughing out loud at this IMF report. Pls don't vote brown teeth He has nothing good to offer us. Say no to brown teeth please |
Re: IMF Insists On Fuel Subsidy Removal by RepoMan007: 4:49am On Feb 08, 2022 |
ThinkSmarter:Those beautiful things they are suppose to deliver in place of subsidy has been a mirage since 1960. Yes or no? Any attempt at naively removing it suddenly will ask the question of who actually holds power between the masses and elite. Renewable energy could have helped but are we even taking it seriously enough or just hoping to import some modules and award super inflated contracts to chronies in power? |
Re: IMF Insists On Fuel Subsidy Removal by cardoctor(m): 4:53am On Feb 08, 2022 |
We died |
Re: IMF Insists On Fuel Subsidy Removal by sulaak(m): 5:20am On Feb 08, 2022 |
obynzo: The golden word in your statement is WANTED to remove subsidies. The fear of breakdown of law and order with the occupied Ojota is evidence that GEJ was weak, this was the first year of his four years in office, he should have removed subsidies and faced down the occupy movement. In 2012, Nigeria GDP was around $550 billion, the country had large enough foreign reserve and the capability to provide welfare palliative to Nigerians based on the high oil price of $100 P/D We are both in agreement that Buhari are Tinubu are frauds and opportunists, but why didn't GEJ fix the refineries or sell them, I recall that during the fuel subsidy debate Iweala clearly stated that the saving made from the removal of fuel subsidies will be invested in building new refineries. He could have sold the refineries or taken loans to repair but he decided to do nothing. GEJ just like Buhari is "kicking the can", GEJ did nothing regarding repairing the refineries and building new electricity power plants just like Buhari, yet GEJ had large reserves and high oil prices and did absolutely nothing. GEJ was a terrible leader, in 2014 oil prices rose to $100, but GEJ and OBJ governments failed to trigger the law dating back to the 1990s that governs oil production sharing contracts allows the government to review revenue sharing once the oil price rises above $20 per barrel, costing Nigeria $62 billion Oil prices rose to more than $100 a barrel in 2014 before a sharp drop that triggered a 2016 recession in Nigeria, leaving the government struggling to fund its budgets. 1 Like |
Re: IMF Insists On Fuel Subsidy Removal by sulaak(m): 5:31am On Feb 08, 2022 |
proprince: It is called politics for a reason. GEJ should have removed the oil subsidy..period. What is a simple definition of politics? |
Re: IMF Insists On Fuel Subsidy Removal by 9gerian: 5:51am On Feb 08, 2022 |
IMF: Remove subsidy. Increase VAT. Release the exchange rate to freely float (I.e devalue the Naira without restraints). All at once! Whose interest does IMF serve? iwaeda: |
Re: IMF Insists On Fuel Subsidy Removal by Nobody: 5:58am On Feb 08, 2022 |
ThinkSmarter:There is nothing like fuel subsidy.Buhati's government is stealing public funds in the name of paying subsidy. |
Re: IMF Insists On Fuel Subsidy Removal by Nobody: 6:00am On Feb 08, 2022 |
Penguin2:How many times will buhari remove it? |
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