The Rivers State governorship candidate of the Social Democratic Party, Senator Magnus Abe, has faulted decision of the Federal Government to shift the date for the removal of fuel subsidy.

This was as he disclosed that he would withdraw the petition he filed at the election tribunal to challenge the results of the election.

Abe stated these while addressing SDP faithful at his campaign office in Port Harcourt on Sunday.

Abe stated, “I was at the centre of that controversy when the whole subsidy thing blew up under the Goodluck Jonathan government then.

“And one of the key promises he made to Nigerians and why we followed Buhari is that that problem will be solved.

“It is unfortunate that now towards the end of the administration everybody has come to realise that this country can no longer afford to pay phantom subsidies for things that bring no benefit whatsoever to the Nigerian people and the Nigerians to come.

“I was very happy when I saw the President taking steps to conclude that very controversial matter before the end of his administration by introducing an improved wage for civil servants as part of the process of taking out the fuel subsidy.

“I was, however, shocked when I read somewhere that the decision of the fuel subsidy removal has now been postponed.

“And I honestly do not think that it is in the interest of the Nigerian people that we should continue to toy with this matter, especially since we have already taken steps to bring it to a rightful conclusion.”

On the withdrawal of his petition against the governor-elect, Siminialayi Fubura, Abe explained that though the decision was personal, it was in the interest of the state.

“Having made a very clear review of the situation in the state and what is happening in the state, I have decided in consultation with the party at the national and the state level that I, Senator Magnus Abe, will withdraw my petition at the election petitions tribunal; first, in the interest of those that have suffered and laboured so much in in support of our cause; and more importantly in the interest of our state. So, that we begin to reduce the bickering and confusion in the state in order to give all of us an opportunity to be able to move forward with our lives,” he said.

Source: https://punchng.com/Postponement-of-subsidy-removal-disappointing-says-Magnus-Abe

FG should put in place steady power supply prior to removing subsidy. Don't put the cart before the horse.
If it requires Tinubu selling Nigeria to China to have steady power supply let him do it. Thereafter he could remove subsidy and from the proceed of subsidy removal we can repay whatever loan taken to afford steady power supply.

Until uninterrupted power supply comes, subsidy should stay. Government should stop pushing its responsibilities to the masses. It's not like they already built enough local capabilities to serve us. They just want to pull the plug and allow the masses to adjust.


If they want to borrow to pay subsidy, they should. Every country pays subsidy on one item or another. Nigeria own won't be different

The Nigeria people will not be the ones providing their; electricity,roads, security, health insurance, and virtually all and anything else

Certain things need to be put in place before subsidy can be removed.
Dangote refinery need to start working, since our own refineries have failed us.
Power must be improved upon.
Electric cars need to be introduced into the Nigeria auto market.
Wages to be commensurate to means of livelihood
So, you can't remove subsidy to impoverish the innocent masses.

Better

The ripple effect of fuel subsidy removal will be 5 times more than whatever reason why they want to remove it in the first place.

Look at a whole senator talking about salary increase as a palliative for subsidy removal. Salary that has been inadequate for present bills or he thinks they are doing Nigerians a favour?
Remove subsidy and NIGERIANS will pay x7 for everything. in an economy where generator is still in heavy usage, Price of production of everything will increase, transportation too. Who & Who will suffer for this?

michlins:
Until uninterrupted power supply comes, subsidy should stay. Government should stop pushing its responsibilities to the masses. It's not like they already built enough local capabilities to serve us. They just want to pull the plug and allow the masses to adjust.


If they want to borrow to pay subsidy, they should. Every country pays subsidy on one item or another. Nigeria own won't be different

The Nigeria people will not be the ones providing their; electricity,roads, security, health insurance, and virtually all and anything else

It is generally agreed that the removal of subsidies is a key factor in the success of the U.S. economy.
However, the substitution of lower-cost alternatives has sometimes been seen as a more efficient way of doing things.

This is not a change in the substance of the rule, but rather a way of saying that the main goal of the rule is no longer to remove subsidies, but to reduce the number of subsidies. 👌

People think countries like Qatar, Abu Dhabi and Dubai are a reflection of Islam achieving prosperity — that Islam is the answer.

This is wrong.
Those countries are stupidly rich.

That’s why there’s prosperity for its citizens. Rich is the answer, not religion or some fanatic ideologies.

Karlifate:


It is generally agreed that the removal of subsidies is a key factor in the success of the U.S. economy.

Please, at what point was the US subsidy removed?
did they remove it at a point where there was no regulation of transportation prices and poor electricity and zero refineries in an economy where the citizens are suffering steady food price inflation?
Has the government economic experts come out to tell the citizens how the removal will be of long or short term benefits to the people?

superCleanworks:

Please, at what point was the US subsidy removed?
did they remove it at a point where there was no regulation of transportation prices and poor electricity and zero refineries in an economy where the citizens are suffering steady food price inflation?
Has the government economic experts come out to tell the citizens how the removal will be of long or short term benefits to the people?

It is generally agreed that the removal of subsidies is a key factor in the success of the U.S. economy.
However, the substitution of lower-cost alternatives has sometimes been seen as a more efficient way of doing things.

This is not a change in the substance of the rule, but rather a way of saying that the main goal of the rule is no longer to remove subsidies, but to reduce the number of subsidies. 👌

Very disappointing

Why is it disappointing?
Solutions to cushion the effect are still being prepared, so why the rush. Abeg I no wan suffer oooo

Buhari has never achieved anything solely... The man is so daft!

The date will still come, but proper planning needs to go into it.

Steps they're taking or have taken:

1. Increase salary for Civil Servants by 40%. See here - https://www.nairaland.com/7662728/fg-begins-payment-40-salary
2. How can they pay this salary increase and still be paying subsidy, quickly they increased VAT on Beer, Plastics, Tokunbo cars etc. See here - https://www.nairaland.com/7672639/fg-introduces-new-taxes-beer
3. FG to pay N5,000 to 10m households for 6 months. See here - https://www.nairaland.com/7656340/subsidy-palliative-fg-pay-n5000

World Bank has advised that there will be chaos when removed and advised against immediate removal without proper steps and implementation already on ground to cushion the effect, and also they gave FG $800m to this effect. See here - https://tribuneonlineng.com/subsidy-fg-gets-800m-from-world-bank-for-palliatives/

Happy New Month.

Remember, Jesus Christ the same yesterday, and to day, and for ever. Heb 13 v 8

Noted.

Dem still wan cash out small nah

Las las everybody go dey alright

Put things in place before you remove fuel subsidy.

I think this is a naive opinion. You should't borrow to pay subsidy on Gasoline, wherein a significant proportion of it is exported to neighbouring countries. Nigeria has the lowest gas prices in West Africa and we are a smugglers paradise.
Soon the borrowing will be impossible without fiscal cut, very steep ones unlike those we have ever seen.

michlins:
Until uninterrupted power supply comes, subsidy should stay. Government should stop pushing its responsibilities to the masses. It's not like they already built enough local capabilities to serve us. They just want to pull the plug and allow the masses to adjust.


If they want to borrow to pay subsidy, they should. Every country pays subsidy on one item or another. Nigeria own won't be different

The Nigeria people will not be the ones providing their; electricity,roads, security, health insurance, and virtually all and anything else

He is MAD

michlins:
Until uninterrupted power supply comes, subsidy should stay. Government should stop pushing its responsibilities to the masses. It's not like they already built enough local capabilities to serve us. They just want to pull the plug and allow the masses to adjust.


If they want to borrow to pay subsidy, they should. Every country pays subsidy on one item or another. Nigeria own won't be different

The Nigeria people will not be the ones providing their; electricity,roads, security, health insurance, and virtually all and anything else

Nigeria’s subsidy is inflated by the likes of Ote$. I hope you remember how Ote$ set up that useless House of Reps member who was pro in the inflation of Subsidy by Ote$ and his gang. That useless thief will not make Heaven because Ogun go kill am very soon

chrisxxx:
FG should put in place steady power supply prior to removing subsidy. Don't put the cart before the horse.
If it requires Tinubu selling Nigeria to China to have steady power supply let him do it. Thereafter he could remove subsidy and from the proceed of subsidy removal we can repay whatever loan taken to afford steady power supply.

They ought to have ensured they fix the refineries before removing any subsidy. Why has fixing the refineries become such an impossibility? ? ?

Karlifate:


It is generally agreed that the removal of subsidies is a key factor in the success of the U.S. economy.
However, the substitution of lower-cost alternatives has sometimes been seen as a more efficient way of doing things.

This is not a change in the substance of the rule, but rather a way of saying that the main goal of the rule is no longer to remove subsidies, but to reduce the number of subsidies. 👌

Remove corruption first, the type that resembles the below ⬇️

Imagine the POTUS going to pack cash from the US treasury with his bare hands!

That's exactly how corruption looks like in this country

DeepSight:


They ought to have ensured they fix the refineries before removing any subsidy. Why has fixing the refineries become such an impossibility? ? ?

because they don't want to fix it! Simple as that

All of them leaders are not patriotic at all. They only serve themselves.

Karlifate:
People think countries like Qatar, Abu Dhabi and Dubai are a reflection of Islam achieving prosperity — that Islam is the answer.

This is wrong.
Those countries are stupidly rich.

That’s why there’s prosperity for its citizens. Rich is the answer, not religion or some fanatic ideologies.

Did they just wake up and become stupidly rich? We have the same natural resources they have and we even have those they don’t. The only difference is they have visionary leaders who love the people and want the best for them. We can achieve same prosperity on when we start being sincere to ourselves.

Karlifate:
People think countries like Qatar, Abu Dhabi and Dubai are a reflection of Islam achieving prosperity — that Islam is the answer.

This is wrong.
Those countries are stupidly rich.

That’s why there’s prosperity for its citizens. Rich is the answer, not religion or some fanatic ideologies.

And Nigeria is not rich. Your hatred for Islam is driving you to early grave. Your brothers are slaving in the Islamic nations

A litre of fuel is sold for over #200..


And them never still remove subsidy! Omo

Why

So federal government can't make at least our refinery functional. Omo the hand way hold this country down too strong ooh

Printerscanner:


And Nigeria is not rich. Your hatred got Islam is driving you to early grave. Your brothers are slaving in the Islamic nations

Despite all your brain printing & scanning, you still lack one.

LMAO! 🤣🤣