iwaeda:


https://www.vanguardngr.com/2022/02/imf-insists-on-fuel-subsidy-removal/

Those DIRECTORs head tí dàru. D one they removed before what have they achieved with it ?

ThinkSmarter:
They should remove the fuel subsidy
Improve power supply.
Improve accessibility to clean energy [Solar]
Those of you kicking against the removal of fuel subsidy should know that Nigeria economy is solely dependent on oil revenue.
And PMS is used more than AGO, DPK and LNG combined.
Worst case scenario is that most of the subsidized products are diverted to other West African countries where they still market the product without subsidy.
Before federal government will realize more capital for infrastructure development in railways, education, health, agriculture etc.
Subsidy must be removed.
Don't expect state governments to pay salaries smoothly, employ people, increase workers salary and carry out infrastructural development without increase in Federal allocation.


Remove the Fuel subsidy Now!
It's high time we make a crucial decision for our future and damn the temporal consequences.

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.

Racoon:
This fuel subsidy or fraudulent subsidy under-recovery the sanctimonious Buhari government called it ought to have been removed since 2012 but they politicised the issue. Now it must go but they are in a dilemma to do so after removing fuel subsidy multiple times. Awon werey gbogbo.

According to Mele Kyari , fuel subsidies was removed in 2020

Fuel subsidy gone forever in Nigeria – NNPC GMD
ByBassey Udo April 7, 2020 3 min read

The era of fuel subsidy is gone forever in Nigeria, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has said.

Speaking on an Africa Independent Television (AIT) programme on Monday, Mr Kyari said, “There is no fuel subsidy anymore in Nigeria. It is zero subsidy forever.”

https://www.premiumtimesng.com/news/headlines/386370-fuel-subsidy-gone-forever-in-nigeria-nnpc-gmd.html

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

How man

jaxxy:


This would have made perfect sense if we were a country with accountability and transparency bt we are not.

This would have also made sense if we are or have prudent, non corrupt and well and over average performing government with sound knowledge of the economy bt we are not.


We were fantastically corrupt and still fantastically corrupt. Removal of subsidy will aid more corrupt, mismanagement and incompetence which will lead to more suffering.

Billions they claim have been used to remove people from poverty bt it’s ineffective cos the economy is terrible. Inflation is highest and will only go for worst if subsidy is dare removed.


If the government had done their work and fixed the economy then it would have been easy or explainable to remove subsidy not with what we have now.

Subsidy removal will destroy lives of many Nigerians because the suffering will be like that of former Somalia.

The option is to borrow N3-4 trillion to pay for subsidies that don't exist according to Mele Kyari.

Fuel subsidy gone forever in Nigeria – NNPC GMD
ByBassey Udo April 7, 2020 3 min read

The era of fuel subsidy is gone forever in Nigeria, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has said.

Speaking on an Africa Independent Television (AIT) programme on Monday, Mr Kyari said, “There is no fuel subsidy anymore in Nigeria. It is zero subsidy forever.
https://www.premiumtimesng.com/news/headlines/386370-fuel-subsidy-gone-forever-in-nigeria-nnpc-gmd.html
”

gaby:
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

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!

ThinkSmarter:
They should remove the fuel subsidy
Improve power supply.
Improve accessibility to clean energy [Solar]
Those of you kicking against the removal of fuel subsidy should know that Nigeria economy is solely dependent on oil revenue.
And PMS is used more than AGO, DPK and LNG combined.
Worst case scenario is that most of the subsidized products are diverted to other West African countries where they still market the product without subsidy.
Before federal government will realize more capital for infrastructure development in railways, education, health, agriculture etc.
Subsidy must be removed.
Don't expect state governments to pay salaries smoothly, employ people, increase workers salary and carry out infrastructural development without increase in Federal allocation.

Remove the Fuel subsidy Now!
It's high time we make a crucial decision for our future and damn the temporal consequences.

What fuel subsidy do you & IMF want them to remove again, after they removed it twice already in 2016 & 2020

sulaak:
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!

Maybe ThiefNuibu was right to call Bubu an expired leader 11 years ago

sulaak:


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!

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.

Basicend:


You are a clown. .

I know probably u are either one of the people close to politicians having access to free Commonwealth funds. That is why u are dating they should remove subsidy.

Or either u are a successful and corrupt business man that is thriving due to the rot of the system.

Can you remind me how many times they have removed the subsidy before?

If they remove it again now, prices will fly times 3. . A lot can't even afford 1 square meal now. . In some few months time, they will claim that they have infused subsidy again into their expenses.

Let the prioritize the welfare of the masses above all. . Let them remove the leakages in their system and excessive perquisites and allowances and budgetory allocations for executives and legislators. The executive airplane fleet and maintainance . . Etc.

96 percent of Nigerians are heavily suffering . . Stop being selfish as your leaders.

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

It won't have any impact on the common man.
Thieves

Ochys87:

Imagine say na Chinese financial institution come out to say dis trash, Nigerians for done dey condemn China but since its American IMF (an organization that doesn't care about d welfare of d ordinary Nigerians) Nigerians can't condemn them...I say we join hands together and condemn any foreign financial institutions that seeks to watch us suffer

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.

gaby:


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.

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.

sulaak:




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.

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.

obynzo:


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 a 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.

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.

It seems IMF wants to be unfortunate.

OldNairalander:


Go check again, they now sell at #1799

Make day break abeg

gaby:


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.

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.

sammirano:
It seems IMF wants to be unfortunate.

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

sulaak:


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.

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.

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

ThinkSmarter:
They should remove the fuel subsidy
Improve power supply.
Improve accessibility to clean energy [Solar]
Those of you kicking against the removal of fuel subsidy should know that Nigeria economy is solely dependent on oil revenue.
And PMS is used more than AGO, DPK and LNG combined.
Worst case scenario is that most of the subsidized products are diverted to other West African countries where they still market the product without subsidy.
Before federal government will realize more capital for infrastructure development in railways, education, health, agriculture etc.
Subsidy must be removed.
Don't expect state governments to pay salaries smoothly, employ people, increase workers salary and carry out infrastructural development without increase in Federal allocation.


Remove the Fuel subsidy Now!
It's high time we make a crucial decision for our future and damn the temporal consequences.

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.

obynzo:


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.

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

ThinkSmarter:
They should remove the fuel subsidy
Improve power supply.
Improve accessibility to clean energy [Solar]
Those of you kicking against the removal of fuel subsidy should know that Nigeria economy is solely dependent on oil revenue.
And PMS is used more than AGO, DPK and LNG combined.
Worst case scenario is that most of the subsidized products are diverted to other West African countries where they still market the product without subsidy.
Before federal government will realize more capital for infrastructure development in railways, education, health, agriculture etc.
Subsidy must be removed.
Don't expect state governments to pay salaries smoothly, employ people, increase workers salary and carry out infrastructural development without increase in Federal allocation.


Remove the Fuel subsidy Now!
It's high time we make a crucial decision for our future and damn the temporal consequences.

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?

We died

obynzo:


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.

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.
https://www.reuters.com/article/us-nigeria-oil-majors-idUSKBN1WP21H

proprince:
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

It is called politics for a reason. GEJ should have removed the oil subsidy..period.

What is a simple definition of politics?
Politics (from Greek: Πολιτικά, politiká, 'affairs of the cities') is the set of activities that are associated with making decisions in groups, or other forms of power relations among individuals, such as the distribution of resources or status.

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:


https://www.vanguardngr.com/2022/02/imf-insists-on-fuel-subsidy-removal/

ThinkSmarter:
They should remove the fuel subsidy
Improve power supply.
Improve accessibility to clean energy [Solar]
Those of you kicking against the removal of fuel subsidy should know that Nigeria economy is solely dependent on oil revenue.
And PMS is used more than AGO, DPK and LNG combined.
Worst case scenario is that most of the subsidized products are diverted to other West African countries where they still market the product without subsidy.
Before federal government will realize more capital for infrastructure development in railways, education, health, agriculture etc.
Subsidy must be removed.
Don't expect state governments to pay salaries smoothly, employ people, increase workers salary and carry out infrastructural development without increase in Federal allocation.


Remove the Fuel subsidy Now!
It's high time we make a crucial decision for our future and damn the temporal consequences.

There is nothing like fuel subsidy.Buhati's government is stealing public funds in the name of paying subsidy.

Penguin2:
By now we would have forgotten about fuel subsidy if not Tinubu and his urchins’ stupidity and malicious unpatriotism in 2012 when they mobilized their fellow social irritants to Ojota to protest against fuel subsidy removal.

Something he knows was imperative but he chose to play selfish politics with it.

Tinubu will never benefit from all of these his many treacherous acts.

How many times will buhari remove it?