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Nairaland Forum / Nairaland / General / Politics / Finance Minister Zainab, Soludo, Peterside Advocate Fuel Subsidy Removal (11525 Views)
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Finance Minister Zainab, Soludo, Peterside Advocate Fuel Subsidy Removal by adenigga(m): 6:00am On Jun 15, 2022 |
Minister of Finance, Zainab Ahmed, has called for the removal of fuel subsidy. Ahmed said the retention was hurting the economy and impeding investments in human capital development. Source: https://dailypost.ng/Finance-minister-Zainab-Soludo-Peterside-advocate-fuel-subsidy-removal 3 Likes
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Re: Finance Minister Zainab, Soludo, Peterside Advocate Fuel Subsidy Removal by Nobody: 6:05am On Jun 15, 2022 |
It should go 1.It is chopping all the excess dollars we should be getting from the rise in oyel prices, on top of the debt we have to pay off due to 8 years of low oil prices from 2014. 2.It is stifling investment in the petroleum sector. If it costs over N300-400 to refine one liter of fuel, and one has to sell it at N165 per liter, why invest in a refinery.? The hardy few that are investing in refineries are taking a big risk. 3.We are essentially subsidising fuel not only for Nigeria, but for other African countries.If petrol costs N165 here, and N300 and above in all our neighbours, why won't people smuggle.? Yeah, inflation. But the truth is, we don't have the money. Yes, politicans, but what we are spending on subsidisng petrol this year is more than what any pol can loot this year. And yes, Buhari, APC , PDP etc are bad leaders, and yes, I don't like them as much as you do. Nigeria has spent 413 trillion naira on fuel subsides between 2006-19.That's money that could have been used for education, health, transport, etc etc. And the more the oil price rises, the more the cost of producing fuel rises, and thus the cost of subsidsing it. P.S: Anyone interested in why subsidy should go, should read this...Fuel subsidies in Nigeria: they’re bad for the economy, but the lifeblood of politicians PPS: By supporting subsidy removal....it does not mean i deny the existence of , or the negative effect of corruption on this country. So stop quoting me about how corrupt this government is. That government is corrupt does not mean we should throw away trillions on corrupt subsidy monsters. And yes, I don;t vote for APC, PDP, or any of them. 18 Likes 3 Shares |
Re: Finance Minister Zainab, Soludo, Peterside Advocate Fuel Subsidy Removal by Nobody: 6:11am On Jun 15, 2022 |
adenigga: IF THIS MINISTER IS WISE SHE SHOULD ADVISE THE FG TO REMOVE THIS SUBSIDY TOMORROW MORNING, BECAUSE AFTERALL, THE YOUTHS OF NIGERIA HAVE ALREADY RESOLVED TO BUY FUEL AT 600/litre UNDER A PETER OBI PRESIDENCY, SO I ASK WHY WAIT TILL 2023? REMOVE THE DANG THING TOMORROW! 3 Likes 1 Share |
Re: Finance Minister Zainab, Soludo, Peterside Advocate Fuel Subsidy Removal by Rastaramsey(m): 6:31am On Jun 15, 2022 |
I think it's only for a matter of time.., When they finish work at that their dangote refinery, them go commot subsidy.... One litre go cum be 400 ![]() Nigeria don finish..m 8 Likes 2 Shares |
Re: Finance Minister Zainab, Soludo, Peterside Advocate Fuel Subsidy Removal by slickbak(m): 6:37am On Jun 15, 2022 |
Let them continue the subsidy. One person in this country stole 90 billion, with more stolen tens of billions discovered. They’ll have more money to steal if subsidy goes. Money no dey do them. Soon N500 note will be worth N100 24 Likes 1 Share |
Re: Finance Minister Zainab, Soludo, Peterside Advocate Fuel Subsidy Removal by descarado: 6:38am On Jun 15, 2022 |
They should provide electricity and subsidise it. With electricity, less fuel consumption. Demand will control supply and market price. Govt should also start pegging prices of consumables to not more than a certain % rice in a year. All these classroom economics we have here. Hmm 8 Likes 1 Share |
Re: Finance Minister Zainab, Soludo, Peterside Advocate Fuel Subsidy Removal by Nobody: 6:41am On Jun 15, 2022 |
descarado: Subsidy will be removed and you must pay your fair share in tax. Quit being hypocritical. I am sure if its Peter talkin about subsidy removal you will cheer. 4 Likes |
Re: Finance Minister Zainab, Soludo, Peterside Advocate Fuel Subsidy Removal by Nobody: 6:42am On Jun 15, 2022 |
slickbak: Buhari should not remove it Instead you will like Peter Obi to remove it, right? Kai i wish i was Buhari. 2 Likes |
Re: Finance Minister Zainab, Soludo, Peterside Advocate Fuel Subsidy Removal by Maxymilliano(m): 6:42am On Jun 15, 2022 |
It's 10 years already when Goodluck Jonathan mustered the political will to declare fuel subsidy removal, but as expected, opposition-sponsored resistance was built against what would have been a watershed in liberalizing the downstream petroleum sector, now we are back to whence we began ten years ago 26 Likes 3 Shares |
Re: Finance Minister Zainab, Soludo, Peterside Advocate Fuel Subsidy Removal by Nobody: 6:42am On Jun 15, 2022 |
Rastaramsey: That will be in 2023 after the election under the next President. So choose wisely. 1 Like |
Re: Finance Minister Zainab, Soludo, Peterside Advocate Fuel Subsidy Removal by slickbak(m): 6:45am On Jun 15, 2022 |
Vladigor:Bro. All these men no get level. They can’t think of new industry, cos they’re hard for oil money. Anyhow they go about it, they’d end up stealing 1 Like |
Re: Finance Minister Zainab, Soludo, Peterside Advocate Fuel Subsidy Removal by ironheart(m): 6:45am On Jun 15, 2022 |
I have said it over and over let fuel subsidy be removed so that everyone can wise up in this country. We are a country of waste. Since i bought a vehicle with v6, i have been managing my movement. I don't do any kind waka. If no money is involved, I don't drive. And i finally saw an increase in my inflow. With the removal, we can start talking about energy saving, large mass transit buses and trains. 12 Likes |
Re: Finance Minister Zainab, Soludo, Peterside Advocate Fuel Subsidy Removal by Beremx(f): 6:49am On Jun 15, 2022 |
Average Nigerians like me will not benefit from subsidy removal because the money will be looted instead of using it to better the life of Nigerians. Also, fuel will be very expensive which will affect the price of goods in the market. 20 Likes |
Re: Finance Minister Zainab, Soludo, Peterside Advocate Fuel Subsidy Removal by Nobody: 6:53am On Jun 15, 2022 |
slickbak: True. Transition from oil dependency will result in excruciating suffering of the masses in the short-term (4-10yrs). Mass poverty. Even the rich will feel it. 1 Like 1 Share |
Re: Finance Minister Zainab, Soludo, Peterside Advocate Fuel Subsidy Removal by Perfectbeing(m): 7:05am On Jun 15, 2022 |
Buhari is the best person to remove it since he's already in the bad book of everyone. Let the next President benefit from it. 6 Likes |
Re: Finance Minister Zainab, Soludo, Peterside Advocate Fuel Subsidy Removal by Nobody: 7:10am On Jun 15, 2022 |
I thought they said Subsidy is a scam? Today they pay more in subsidy than Jonathan did and we pay double the price of petrol during Jonathan government! Seriously, anybody that is a friend with an APC supporter needs his conscience and sensibility checked! I don't even want to talk of some old shameless individuals disgracing their generations here because of 30k that cannot buy a bag of rice! 10 Likes |
Re: Finance Minister Zainab, Soludo, Peterside Advocate Fuel Subsidy Removal by Cantonese: 7:17am On Jun 15, 2022 |
subsidywise18: Please ask yourself whether it is subsidy that troubles the economy more or the massive looting going on everyday. They loot the economy, purchase the oil well and petroleum products, using the looted funds. The same people talk about subsidy removal after their stealing. Do you not see that they are getting richer by all methods? This president promised to tackle corruption using every weapon available and everyone supported him. One day he said corruption was fighting back. The same president said that APC won Osun state by remote control. Today corruption has become worse under his watch. “Subsidy is a scam” was one of their campaign points. If GEJ removed it, we would have been out of the woods by now. Today APC has changed the song. The major challenge is corruption. Deal with corrupt politicians and the country will get better. Jerry Rawlings did it in Ghana and today Ghanaians enjoy their country. 11 Likes |
Re: Finance Minister Zainab, Soludo, Peterside Advocate Fuel Subsidy Removal by rayvelez(m): 7:21am On Jun 15, 2022 |
Vladigor:Yes ooo i hope it get to 10trn remember GEJ removed it but your dunce goons #occupyojota. |
Re: Finance Minister Zainab, Soludo, Peterside Advocate Fuel Subsidy Removal by Barav: 7:22am On Jun 15, 2022 |
Subsidy is a scam according to buhari once upon a Time |
Re: Finance Minister Zainab, Soludo, Peterside Advocate Fuel Subsidy Removal by Nobody: 7:23am On Jun 15, 2022 |
rayvelez: Exactly what i thought. Now the hypocrisy is coming out. Very good. |
Re: Finance Minister Zainab, Soludo, Peterside Advocate Fuel Subsidy Removal by ClimaxHerbalixt(m): 7:26am On Jun 15, 2022 |
Subsidy? 1 Like |
Re: Finance Minister Zainab, Soludo, Peterside Advocate Fuel Subsidy Removal by Felixtuta(m): 7:27am On Jun 15, 2022 |
This country eeh....na look we just dey look una |
Re: Finance Minister Zainab, Soludo, Peterside Advocate Fuel Subsidy Removal by anonimi: 7:28am On Jun 15, 2022 |
adenigga: Are we all Lagbaja's 200 million mumus on cruise control for ignorance? How many times will they remove this subsidy? Bubu's corruption since 2015 will make Abacha look like a saint. BeeBeeOoh: 1 Like
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Re: Finance Minister Zainab, Soludo, Peterside Advocate Fuel Subsidy Removal by africanpride1: 7:30am On Jun 15, 2022 |
They should not make the Price of fuel more expensive for common Nigerians, we deserve better on our Father Land. ClimaxHerbalixt: Benmob:The Point is who is the Core-Northern Muslim? That is it! Whenever you hear about core Northern Muslim, we all knows it refers to Fulani Muslims of the North. I as a Yoruba Muslim based in the North and I can categorically confess to you that Hausa Muslims are extremely tired and frustrated with the shenanigans and Enslavement by the Fulanis who are just about 6% of Northern Muslims. Go and watch the Video of the El Zazaki Hausa Muslim Movement, look at how they took their Battle for Hausa Liberation from Fulani Enslavement to Abuja and were still massively gunned down at Fulani Buahari order. Do you think they as the majority are still happy with their Fualni Master and Killers?! Do you think they are fools?! You think they are enjoying being enslaved on their Ancestral Father Land?! 75% of Northern Population are Hausas, and they are Solidly immovably behind Tinubu. In fact, they are the ones that tenaciously fought underground against Fulani Adamu Plan to enforce another Fulanis Concensus Candidate on the Party. The ever outspoken Fulanis only joined the unstoppable massive Moving Train and spoke out to when they have seen that it is completely impossible to erase the Love for Tinubu from the hearts of Northern Majority. So, next time some talk about Fulani North, they should not get inspiration from their Anus but from their Brain to know that Both we Yoruba Muslims and Hausa Muslims are tired if being manipulated to hate our Blood Brothers just because difference in Religion. That old Deceitful card has been over played by Fulanis, it doesn't fly anymore. We are alive now! The true Greatness of Nigeria regardless of Religious differences is what all of us are after. Fulanis have stagnated this Country enough. Nigeria shall soon become truly Great and respected Globally. Personally, I still Love Fulanis, and I look forward to us all seriously joining hands with all Original Nigeirans under Tinubu's Administration with Focus for making Nigeria truly Great. Are Fulanis proud of the current shamesful State of Nigeira when The travel to USA, Dubai, etc. Under their long watch for years, why haven't they made Nigeria to become like one of those wonderful Countries?! Change is the only Constant thing. I know some new Generation of Fulanis too that are becoming true Progressive and want a better truly Glorious Nigeria that we can all be Proud of. If Fulanis mindset can be and should be rechannelled to see all Nigeirans recregardless of Religion as their own Brothers and Sisters. Together, we shall all make Nigeira Great! One Love. 3 Likes |
Re: Finance Minister Zainab, Soludo, Peterside Advocate Fuel Subsidy Removal by anonimi: 7:32am On Jun 15, 2022 |
Wow |
Re: Finance Minister Zainab, Soludo, Peterside Advocate Fuel Subsidy Removal by sleek214(m): 7:33am On Jun 15, 2022 |
No ways. Price of diesel is over N800 and still climbing. Removing fuel subsidy means we might buy a liter of fuel for N1,000 before December. Govt should keep on paying till they build refineries or pay till the world comes to an end. 2 Likes |
Re: Finance Minister Zainab, Soludo, Peterside Advocate Fuel Subsidy Removal by happney65: 7:34am On Jun 15, 2022 |
Inflation is already in double digits with more super hyper Inflation expected next year. Wetin go happen next year will be imaginable. Yet some people are still claiming Yoruba Lokan. Yoruba wayre wo. Mind you I am yoruba before you come with your tribal nonesense 2 Likes |
Re: Finance Minister Zainab, Soludo, Peterside Advocate Fuel Subsidy Removal by heendrix(m): 7:34am On Jun 15, 2022 |
ironheart: Your point is just as senseless as urself...so cuz you don't move out if money isn't involved, everyone should also stay at home if money is not involved?? how bout advocating for the repair and the proper functioning of our local based refinery?? most dwellers in rural Ijaw region refine fuel themselves and sell at a very cheap price, but what is ur government doing to them?? killing em instead of employing their ideas into making things easy for Nigerians 3 Likes 1 Share |
Re: Finance Minister Zainab, Soludo, Peterside Advocate Fuel Subsidy Removal by gambia(m): 7:34am On Jun 15, 2022 |
Buhari is the worst thing that happened to Nigeria after independence. 6 Likes |
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