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Nairaland Forum / Nairaland / General / Politics / Five Things You Need To Know About Fuel Subsidy Removal (44638 Views)
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Five Things You Need To Know About Fuel Subsidy Removal by peekspot(m): 11:13am On Jun 04, 2023 |
The President, Bola Tinubu, on 29th May, during his inaugural speech announced the removal of the fuel subsidy. With the announcement, the cost of premium motor spirits known as petrol went up with some filing stations selling as much as N700 per liter. https://punchng.com/five-things-you-need-to-know-about-fuel-subsidy-removal/ 43 Likes 9 Shares
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Re: Five Things You Need To Know About Fuel Subsidy Removal by solmusdesigns: 11:16am On Jun 04, 2023 |
Imagine if a kind woman like Bovas gets lisence to import fuel and sell at good price . 309 Likes 17 Shares |
Re: Five Things You Need To Know About Fuel Subsidy Removal by Standing5(m): 11:24am On Jun 04, 2023 |
Better arrangement. People like A. A. Rano should help drive the greedy marketters to bring theirs down considerably. 113 Likes 6 Shares |
Re: Five Things You Need To Know About Fuel Subsidy Removal by DSSnairaland: 12:02pm On Jun 04, 2023 |
16 Likes 2 Shares |
Re: Five Things You Need To Know About Fuel Subsidy Removal by AroOkigbo(m): 12:02pm On Jun 04, 2023 |
Price will be determined by the seller? So who prepared the template for prices across the countey that's currently in use? 42 Likes 2 Shares |
Re: Five Things You Need To Know About Fuel Subsidy Removal by Fearyourcreator: 4:50pm On Jun 04, 2023 |
Okay na |
Re: Five Things You Need To Know About Fuel Subsidy Removal by Kobicove(m): 4:50pm On Jun 04, 2023 |
Five things your need to know about fuel scarcity Ten things you need to know about engine efficiency Fifteen things you need to know about walking to save petrol Abeg we don hear!!! 26 Likes 2 Shares |
Re: Five Things You Need To Know About Fuel Subsidy Removal by Hambivert: 4:50pm On Jun 04, 2023 |
With these "5 things" to know, I now totally accept that the Nigerian government is not a serious entity. The number 5 on the list is quite funny. If every seller is at liberty to sell at their own price, how then would the government decide what is cheating? Anyways, is it the same government that have been cheating her citizens since 2015, that would suddenly ensure that her citizens are not cheated? Subsidy is gone! Inflation is come! Corruption remains! 81 Likes 3 Shares |
Re: Five Things You Need To Know About Fuel Subsidy Removal by nairalanda1(m): 4:51pm On Jun 04, 2023 |
Most people won't hear. They want the government to give them fuel at 40 naira per liter while the government pays the balance at IMF HQ and in Beijing. Ah well. 15 Likes |
Re: Five Things You Need To Know About Fuel Subsidy Removal by gungab(m): 4:51pm On Jun 04, 2023 |
Noted 1 Like |
Re: Five Things You Need To Know About Fuel Subsidy Removal by Goodday90(m): 4:51pm On Jun 04, 2023 |
How does this help the common man in the street? 11 Likes 1 Share |
Re: Five Things You Need To Know About Fuel Subsidy Removal by Greensmoke0(m): 4:51pm On Jun 04, 2023 |
May God help this country |
Re: Five Things You Need To Know About Fuel Subsidy Removal by Honsla: 4:51pm On Jun 04, 2023 |
How individuals with sane mind still support this anti- people policy still baffles me. The government should at least fix electricity before the removal. Price of goods and services has skyrocketed in my environ. I got a notification today that my house rent which is supposed to expire next month has been increased from 960k to 1.2m with no tangible explanation. The most annoying part is the epileptic power supply in my estate, we rely on pms, diesel and solar panels to power our homes. 22 Likes 6 Shares
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Re: Five Things You Need To Know About Fuel Subsidy Removal by kingsways: 4:52pm On Jun 04, 2023 |
Subsidy removed and Minimum wage is still 30k, shouldn't that have been increased first? NNPC will no longer be sole importer but as at date they are still sole importer and that means supply is very limited. Shouldn't they have opened up supply first before removing subsidy? Sudden removal of subsidy without first opening up supply can only lead to outrageous price increases and bring serious suffering to most Nigerians. This is what has happened. Removing subsidy suddenly, quadrupling the price of petrol while wages still remain very low is rather wicked 38 Likes 4 Shares |
Re: Five Things You Need To Know About Fuel Subsidy Removal by magoo10(m): 4:52pm On Jun 04, 2023 |
Although the NNPCL is still selling old stock, the corporation has explained that it needed to sell at the new rate to be able to restock this is normal in business but with the ordinary man and population in mind they should retain old price or a little above the old price . the ordinary man is just being used to fund the oil marketers business. 13 Likes 3 Shares |
Re: Five Things You Need To Know About Fuel Subsidy Removal by Meditation01(m): 4:52pm On Jun 04, 2023 |
Most people abuse power.They use power to dominate others.They use power to destroy others.Ultimately,when you do this,you lose it. 8 Likes 1 Share |
Re: Five Things You Need To Know About Fuel Subsidy Removal by Ruth1994(f): 4:52pm On Jun 04, 2023 |
peekspot:Interesting. Tecno spark 9 for sale @60k.check my profile for more.. |
Re: Five Things You Need To Know About Fuel Subsidy Removal by fola2222: 4:53pm On Jun 04, 2023 |
Don't just give us epistle for the need to remove fuel subsidy, also find a way to ease the pain by increasing worker salary, and also spending the yearly proposed subsidy budget fee to better the country it self 8 Likes 1 Share |
Re: Five Things You Need To Know About Fuel Subsidy Removal by Bluezy13(m): 4:53pm On Jun 04, 2023 |
Goodday90: Good question 2 Likes 1 Share |
Re: Five Things You Need To Know About Fuel Subsidy Removal by sleekpro(m): 4:54pm On Jun 04, 2023 |
Wahala Wahala Wahala |
Re: Five Things You Need To Know About Fuel Subsidy Removal by MrBanner(m): 4:54pm On Jun 04, 2023 |
Re: Five Things You Need To Know About Fuel Subsidy Removal by superCleanworks(m): 4:54pm On Jun 04, 2023 |
bloggers don come again. e go soon reach 55 things |
Re: Five Things You Need To Know About Fuel Subsidy Removal by thisisit: 4:54pm On Jun 04, 2023 |
WHAT GOODLUCK & OKONJO IWEALA SAW 11YEARS (2012) AGO....TINUBU, BUHARI & THEIR APC IS JUST SEEING IT IN 2023... THIS IS A CASE OF CLASSICAL VISIONLESS LEADERSHIP.... POWER FOR THE SAKE OF POWER.. NOT FOR THE SAKE OF THE PEOPLE.. INSTEAD OF PRIORITIZING SECURITY BY ENGAGING BANDITS & TERRORISTS... HE CHOSE TO HIT THE GROUND RUNNING... BACKWARD! 32 Likes 4 Shares |
Re: Five Things You Need To Know About Fuel Subsidy Removal by CALEB1590(m): 4:55pm On Jun 04, 2023 |
Nnpcl are still selling old stock but the price changes to help them restock.. Did they not receive money from fg to subsidize the old stock, why selling the old stock at new rate when you have received money to subsidize the product. 26 Likes 2 Shares |
Re: Five Things You Need To Know About Fuel Subsidy Removal by ShaqFu: 4:55pm On Jun 04, 2023 |
I see... 5. How will the government ensure citizens are no longer cheated when they want to buy fuel, because even when there was subsidy, citizens were still cheated and government through DPR, couldn't do anything about it. 4. The same market forces that isn't customer friendly? The same market forces that will still sell fuel at exorbitant prices thereby making the price of goods and services continue to sky rocket?. 3. Of course, the same seller that usually sell fuel at exorbitant prices will now have the right to sell the way he sees fit, making people who earn below minimum wage continue to reign insults on the government , and the government on the other hand, will be incompetent as ever, thus instilling more suffering on the people because we know 30k can't much when there was subsidy, talkless of now when there isn't. 2. Once upon a time, the nnpc weren't the only importer of fuel, those who imported it were like gods, and they have the exclusive right to do whatever they like. This same importers are the ones benefitting from the fuel subsidy, now they will look for another way to continue to reap Nigerians off, since the government isn't paying them their dues any more. 1. Yes the same cock and bull story we continue to hear. The nnpc took this initiative from the marketers who usually give this excuse whenever they want to cheat their customers. Bottomline, the nnpc and the government goofed. Removing subsidy at this time when they know virtually the Nigerian economy is a fuel driven economy. Removing subsidy will definitely make the price of goods and services increase and the government doesn't have any measure(s) in place to help curb it. Simply to provide electricity, they're failed woefully, they fail to know there are ways with which things are suppose to be done. People living in the rural areas will be the ones who bear the brunt, this same people who don't have electricity in their villages, this same people who depend on fuel for virtually anything and everything. Tssk 7 Likes 3 Shares |
Re: Five Things You Need To Know About Fuel Subsidy Removal by bigdammyj: 4:55pm On Jun 04, 2023 |
Reading... |
Re: Five Things You Need To Know About Fuel Subsidy Removal by IgbosNIGHTMARE: 4:55pm On Jun 04, 2023 |
BUHARÌ is a BASTARƊ Wicked soul Removing subsidy after 8 years for this administration to take the blame. USELESS OLD FOOL 5 Likes
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Re: Five Things You Need To Know About Fuel Subsidy Removal by ayo2008: 4:55pm On Jun 04, 2023 |
Goodday90: Abi o Primordial sentiments still worries many. SMH 1 Like 1 Share |
Re: Five Things You Need To Know About Fuel Subsidy Removal by noble71(m): 4:55pm On Jun 04, 2023 |
Why is NNPCL Selling the old stock at new rate? when FG will still pay the subsidy for June. Meanwhile at a good rate sell your Pi to us. 2 Likes 1 Share |
Re: Five Things You Need To Know About Fuel Subsidy Removal by bobofellaini(m): 4:56pm On Jun 04, 2023 |
God bless you. Bovas can do what glo did in telecom for Nigeria. solmusdesigns: 11 Likes 3 Shares |
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