BreconHills:


If subsidy had continued you would have known what suffering is. Thank your stars you have President with some courage

abhosts:
Nigeria is a nation whose citizens can no longer enjoy the privileges of an oil-producing state because most of the Nation's resources have been plundered and mismanaged.

Tayorshd87:


Not true they are not suffering us ..is actually for our own and developmental benefits

Buddha3:
What is "non-alcoholic beer" please?

nairalanda1:


If they kept the subsidy...we would have eventually run out of money...and IMF would have refused to borrow us money anymore.

Then true suffering would start.

pafra:


Guy thanks which star? Do you know how much people are suffering now?. Do you know how much business are closed now,? do you know how many people have stop going to work now because of high transport cost.?

Less than 1% of the population are stealing and mismanaged the fuel subside, you think the only solution is to punish 99% of the population?
Do you know how much common garri and other food stufs sell in the market now?

If the three idiots major political parties agreed to remove subside, do we now accept the hunger, suffering and dehumanizing situations as normal?

Why do we always defend this politicians that were the cause of the problems.

NOTE. Very soon fuel will be selling for 700. The exchange rates that is 600 will definitely push the price higher.

Just keep quiet if don't have better idea about this subside.

The politicians will steal from the extra money of subside.
Abeg just keep quiet

pafra:


Guy thanks which star? Do you know how much people are suffering now?. Do you know how much business are closed now,? do you know how many people have stop going to work now because of high transport cost.?

Less than 1% of the population are stealing and mismanaged the fuel subside, you think the only solution is to punish 99% of the population?
Do you know how much common garri and other food stufs sell in the market now?

If the three idiots major political parties agreed to remove subside, do we now accept the hunger, suffering and dehumanizing situations as normal?

Why do we always defend this politicians that were the cause of the problems.

NOTE. Very soon fuel will be selling for 700. The exchange rates that is 600 will definitely push the price higher.

Just keep quiet if don't have better idea about this subside.

The politicians will steal from the extra money of subside.
Abeg just keep quiet

nairalanda1:



Exactly...that is why we cannot pay for subsides...we are not earning enough from crude oil sales to pay for it, because our population is TOO MANY TIMES higher than all those countries.

But most Nigerians do not see that.

If we wanted to earn enough from oil, prices would have to reach and stay above 130 dollars per barrel.

Agbegbaorogboye:

Beer wey no get alcohol 🙄

LadyExcellency:
The cost (N500) in Nigeria 🇳🇬 is high.

Nigeria was selling at N195 and Benin Republic domestic fuel sold at CFA508 (N381), so the smuggler took that advantage to exploit Niger’s market, selling below our litre price. - Benin Republic Reports.

The actual price of petrol in Benin Republic is N381

Buddha3:


Abeg no vex, which beer for our Nigerian market no get alcohol?

Electorate:


You people are just too ignorant on this forum, America subsidies her fuel just as many other country so that her citizens wont pay too much for fuel. I think you all should start by asking yourself what is subsidy?...The reason it isn't working in Nigeria is because of corruption from head to toe which resulted to heavy wasteful spending on subsidy.

As long as corruption still reside in Nigeria wether you remove subsidy or not Nigerians will continue to suffer the consequence of being evil and corrupt...period.

LadyExcellency:
The cost (N500) in Nigeria 🇳🇬 is high.

Nigeria was selling at N195 and Benin Republic domestic fuel sold at CFA508 (N381), so the smuggler took that advantage to exploit Niger’s market, selling below our litre price. - Benin Republic Reports.

The actual price of petrol in Benin Republic is N381

Agbegbaorogboye:

There's one ginger beer like that

Buddha3:


I for like sabi am o! Cause this article wan use nonsense grammar confuse person.

nairalanda1:


If they kept the subsidy...we would have eventually run out of money...and IMF would have refused to borrow us money anymore.

Then true suffering would start.

nairalanda1:


America does not sibsidise fuel the way.we do

The US subsidises its refineries mostly via tax breaks.

Our own is basically.consumption subsidy.

If the US did what we are.doing they would be spending trillions of dollars on subsides.

nairalanda1:



We borrow..(note, I am not excusing bad government or defending anyone)...because we rely on oil for most of our earnings, and oil prices are never where they should be for us to earn enough from it.

When oil prices are too low, we have to borrow. (eg during the covid period, where oil fell to below 30 dollars a barrel...which meant we had to borrow. Not the first time it has happened).

That is why every government we have had in Nigeria is not good. What Nigeria needs is to be a manufacturing nation, a productive nation, not a exporter of oil alone. Governments don't know how to fix that.

We also have this bad habit of using oil to pay for everything..including things that should be paid for by taxes.

nairalanda1:


If you were selling bread that cost you N1000 to make one loaf at N1200 a loaf, would you agree to government telling you to sell that loaf at N200 to help the poor? While they compensate you with N500, meaning you lose N300?

Be serious.

nairalanda1:


America does not sibsidise fuel the way.we do

The US subsidises its refineries mostly via tax breaks.

Our own is basically.consumption subsidy.

If the US did what we are.doing they would be spending trillions of dollars on subsides.

Electorate:


U.S. oil and gas subsidies include provisions ranging from incentives for domestic production, write-offs and deductions tied to foreign production and income, and approved accounting methods that can reduce the stated taxable value of assets.

https://www.reuters.com/business/energy/biden-budget-target-us-fossil-fuel-subsidies-2023-03-09/

Some of you don't know if the Nigerian government doesn't subsidize Dangote Refinery or subsidize importation of fuel without fixing her refinery fuel hike will still persist.

Judolisco:
why not build refineries? Is it not foolishness to be refining petroleum products outside d country for more than 40yrs

Padipadi:

Ok. Let's assume we are earning more from tax or other items being manufactured. What about the high earnings of politicians that's not commensurable to what other politicians of developed nations are earning.

Agbegbaorogboye:

Are you aware the state of Georgia gave its residents cheques to subsidise fuel costs last year

Padipadi:

Ok. Let's assume we are earning more from tax or other items being manufactured. What about the high earnings of politicians that's not commensurable to what other politicians of developed nations are earning.

Electorate:




Some of you don't know if the Nigerian government doesn't subsidize Dangote Refinery or subsidize importation of fuel without fixing her refinery fuel hike will still persist.

nairalanda1:


Because what we would have used to build refineries was being spent on subsdies, and because subsidised prices was preventing investors from taking the risk of building a refinery.

Dangote was taking a big risk building his refinery.

pafra:


Guy thanks which star? Do you know how much people are suffering now?. Do you know how much business are closed now,? do you know how many people have stop going to work now because of high transport cost.?

Less than 1% of the population are stealing and mismanaged the fuel subside, you think the only solution is to punish 99% of the population?
Do you know how much common garri and other food stufs sell in the market now?

If the three idiots major political parties agreed to remove subside, do we now accept the hunger, suffering and dehumanizing situations as normal?

Why do we always defend this politicians that were the cause of the problems.

NOTE. Very soon fuel will be selling for 700. The exchange rates that is 600 will definitely push the price higher.

Just keep quiet if don't have better idea about this subside.

The politicians will steal from the extra money of subside.
Abeg just keep quiet

COMPAQ:


That was probably a one off thing. Besides compare what you pay in taxes to what the average resident of Georgia pays as taxes each year. Make we no only compare the left side of the equation, we should also compare the right side of the equation too.

Judolisco:
No it's jst laziness on our path...that's why d agricultural sector died, also the Nigerian paper mill in jebba, that's why d ajaokuta steel mill is yet to produce a single sheet... We don't want to produce anything again since when we found petroleum... U knw Crude oil is free from mother nature