Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,207,964 members, 8,000,940 topics. Date: Tuesday, 12 November 2024 at 06:34 PM

TEARS: 5 Benefits Of Fuel Subsidy Removal - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / TEARS: 5 Benefits Of Fuel Subsidy Removal (1694 Views)

MBF To Tinubu: Rethink Subsidy Removal, Naira Devaluation / FG To Pay Nigerians Transport Allowance After Fuel Subsidy Removal- Zainab Ahmed / FG To Look Into Gradual Removal Of Fuel Subsidy - Minister (2) (3) (4)

(1) (Reply) (Go Down)

TEARS: 5 Benefits Of Fuel Subsidy Removal by globalssasensor: 2:19pm On May 31, 2023

Here are five benefits of fuel subsidy removal:

1. Fuel subsidy removal, according to experts, would free up resources for other sectors of the economy.

2. The government spends a significant portion of its budget on fuel subsidies, which could be better spent on education, healthcare, infrastructure development, amongst other key sectors.

3. Establishments of domestic refineries to produce more petroleum products, reducing Nigeria’s dependence on imported fuel.

4. Availability of domestic refineries will boost the country’s economy

5. Massive creation of jobs for Nigerians.


https://www.youtube.com/watch?v=TVhSE4-arYE
Re: TEARS: 5 Benefits Of Fuel Subsidy Removal by Standing5(m): 2:21pm On May 31, 2023
Stale repetition.

Corruption can be removed also to achieve all those. Why remove what is benefitting the masses when it can be improved.

5 Likes 1 Share

Re: TEARS: 5 Benefits Of Fuel Subsidy Removal by money121(m): 2:22pm On May 31, 2023
Ok

1 Like 1 Share

Re: TEARS: 5 Benefits Of Fuel Subsidy Removal by superintendents(m): 2:23pm On May 31, 2023
Really,
Hmmmm

1 Like 1 Share

Re: TEARS: 5 Benefits Of Fuel Subsidy Removal by Ofemannnu: 2:32pm On May 31, 2023
Standing5:
Stale repetition.

Corruption can be removed also to achieve all those. Why remove what is benefitting the masses when it can be improved.
As it was improved since 1970 when dem never born my mama,abi?
You are one of those subsidy cabal.

1 Like 1 Share

Re: TEARS: 5 Benefits Of Fuel Subsidy Removal by globalssasensor: 2:35pm On May 31, 2023
Standing5:
Stale repetition.

Corruption can be removed also to achieve all those. Why remove what is benefitting the masses when it can be improved.

Governing Is Different From Rulling
Re: TEARS: 5 Benefits Of Fuel Subsidy Removal by globalssasensor: 2:35pm On May 31, 2023
kiss
money121:
Ok
Re: TEARS: 5 Benefits Of Fuel Subsidy Removal by globalssasensor: 2:35pm On May 31, 2023
superintendents:
Really,

Hmmmm


YEAH
Re: TEARS: 5 Benefits Of Fuel Subsidy Removal by xpressionx(m): 2:36pm On May 31, 2023
They removed Subsidy to see what to loot as Buhari regime looted everything.


The painful thing is that its same people who looted with Buhari that are looting this Subsidy money as we speak.

Billions of dollars unaccounted for in Refinery turnaround maintenance

2 Likes 1 Share

Re: TEARS: 5 Benefits Of Fuel Subsidy Removal by globalssasensor: 2:42pm On May 31, 2023
xpressionx:
ok

HOW MANY OF US ACCEPT THIS FACTS
Re: TEARS: 5 Benefits Of Fuel Subsidy Removal by abobote: 2:57pm On May 31, 2023
You only gave one point, however it doesn't benefit the poor coz the funds it will free up, will be relooted by the rich few

4 Likes 1 Share

Re: TEARS: 5 Benefits Of Fuel Subsidy Removal by globalssasensor: 3:21pm On May 31, 2023
abobote:
You only gave one point, however it doesn't benefit the poor coz the funds it will free up, will be relooted by the rich few


CHAI
Re: TEARS: 5 Benefits Of Fuel Subsidy Removal by Evergreen4(m): 5:57pm On May 31, 2023
The subsidy that was removed from kerosene, diesel and gas, what did they use it for. Subsidizing fuel is the only way we the common masses enjoy anything from the government if not the politicians share our common patrimony amongst themselves. Before removing subsidy, government should make thinks easier by fixing up refineries, ensure stable power supply and improve transportation by providing workable rail system. All the time our government keep comparing the price of fuel in Nigerian to the price of fuel in Saudi Arabia but they don't compare the rail way and stable power being enjoyed by the Saudi's. Government should continue paying the subsidy and reduce the cost of governance. Salaries and allowance of legislators should be reduced, the office of minister of state should be collapsed and if possible we should practice a unicameral legislature by scrapping the senate. If am this is done, they will save cost

1 Like

Re: TEARS: 5 Benefits Of Fuel Subsidy Removal by ogawisdom(m): 6:11pm On May 31, 2023
They will still loot every dime saved from this subsidy.
Re: TEARS: 5 Benefits Of Fuel Subsidy Removal by seborrhic: 6:36pm On May 31, 2023
these are just benefits on paper

(1) (Reply)

"They Are Very Powerful" - VP Shettima Exposes The "Oil Scam Cabals" (Video) / Re: Disquiet In Ministry Of Marine And Blue Economy / See How A Yoruba Impassonate Igbo To Spill Bigotry

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 12
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.