Car sellers in Jalingo, Taraba state capital are running out of parking space as civil servants who cannot afford to maintain their vehicles since the removal of fuel subsidy are selling their cars.

Civil servants in the state are compelled to sell out their vehicles since the removal of the fuel subsidy which forced the price of the commodity to skyrocket over 100 percent.

Pump price of fuel in the state sells within the range of N550,00 to N570,00 while the state is among numerous states that are yet to implement the national N30,000 minimum wage.

Most of the Car stands visited by LEADERSHIP within Jalingo proved that 42 percent of vehicles brought in for sell in the last three weeks belongs to civil servants working with the state or local government council. “They are bringing cars massively” one of the car sellers revealed.

Aliyu Aba, a sales agent with Najib Motors, located at TSTC Junction along Jalingo Yola Highway and Nafiu Johnbosco an agent with Haske Motors, located at Roadblock Roundabout and Nathaniel Ibro, an agent with Muri Company located at Muri Hotel within Jalingo told our correspondent that they lack parking space as more customers were approaching them to pick their vehicles to sell on their stands.

They confirmed that most people selling their cars are civil servants particularly from the state.

“Those approaching us to sell their cars are mostly civil servants, they claim life is unbearable to them and the cost of fueling and maintaining the vehicles is not possible any longer.

“From our stand, we are not seeing buyers like before the removal of fuel subsidy, people are not ready to buy more vehicles, the cost of fuel has cushion extravagant use of cars, the market is not moving like before.

Titus Illiman, a civil servant with Taraba state ministry of information who also give out his car for sell said he could no longer drive the vehicle since the price of fuel skyrocketed to N550,00.

“I can not park my car and watch it damage without any income, is better I sell it, use the money to farm so that I can make profit to train my children in school, my monthly take home as a civil servant cannot fuel the car.”

shortgun:
They should be patient, Obi is coming to save the Country

basilo102:
Igbos will buy up all the cars. Continue voting nonesense

nairalanda1:


Obi that would have removed subsides if he was in charge.

(Not that he is wrong).

It is like you don't know the damage years of being reliant on just oyel money has done to this country, and years of keeping subsides and borrowing because of low oil prices. At the moment we don't have cash for another round of subsides.

If Obi or Tinubu or atiku brings back subsides, it would eventually tip our economy into damage. To the point that there would be no money even for looters self.

shortgun:

Obi will put policies in place that will cushion the effects of subsidy removal before removing it.

What happens to making our refineries work first?

What Tinubu is doing is punishing the masses for the politicians to have more money to loot and embezzle.

Since subsidy was removed over a month ago how have Nigerians on the street benefited from the 600 billion saved so far?

nairalanda1:


Policies like what? (Am serious, please, and don't tell me to google).

And if you say palliative....I will get angry. Upon all the mess APC palliatives have caused.



Refineries cannot work when there is a subsidy in place because subsidy means that fuel has to be sold below its cost of production. And because cost of production rises, subsides may not be enough to cover the difference...leading to depreciation of refineries

Anyway, NNPC is repairing its refineries now...they too love profits.





Whereas (and I do agree with you that Tinubu is corrupt...)...if he kept the subsidy....with debt serivice already consuming 75% of our revenue, and with us having to take loans to even keep heads above water, and with NNPC still being owed 2.8 trn in subsidy, plus subsidy costs set to be more than dobule what we spent last year...plus a growing budget deficit.....

Yes, we keep the subsidy, and in five years, we would be so broke that the IMF would be running the country. As would Beijing.



Has Nigeria become like the USA and UK after 40 years of subsidy?

CodeTemplar:
lol. I love Buhari and his subsidy regimen

nairalanda1:


Obi that would have removed subsides if he was in charge.

(Not that he is wrong).

It is like you don't know the damage years of being reliant on just oyel money has done to this country, and years of keeping subsides and borrowing because of low oil prices. At the moment we don't have cash for another round of subsides.

If Obi or Tinubu or atiku brings back subsides, it would eventually tip our economy into damage. To the point that there would be no money even for looters self.

Streetdoctor:

Nobody is disputing that, Obi, Atiku all said it, is a nice ideal but agbado did not even put measures in place before removing it. And from d speech, subsidy removal was not part of d speech.
Before u take such decision, u hv to do a thorough checks to know d effects, how d poor masses will survive.

nairalanda1:


So you want a leader that will bring back cheap fuel?

Cheap fuel has not benefited our economy. At all. It is why we don't have working refineries, why we even have inflation and deficits.

Fuel costs money to refine.

nairalanda1:


Yes you do, you really did.

CodeTemplar:
YOU are an OPPRESSOR.

basilo102:

Na you Sabi. All I know is that wealth is shifting from people in government to hustlers and igbos are maximizing their advantage

nairalanda1:


Measures on top of reduced revenue from debt servicing and poor oil revenue?

Nigeria has always been a broke country. We rely on oyel money for everything. At the moment it is impossible to keep on doing so.

And yes, I wish it was otherwise. I effing wish we could keep subsidy. But the alternative is a few years of self deceit before it all comes crashing down on us.

nairalanda1:


Policies like what? (Am serious, please, and don't tell me to google).

And if you say palliative....I will get angry. Upon all the mess APC palliatives have caused.

Refineries cannot work when there is a subsidy in place because subsidy means that fuel has to be sold below its cost of production. And because cost of production rises, subsides may not be enough to cover the difference...leading to depreciation of refineries

Anyway, NNPC is repairing its refineries now...they too love profits.





Whereas (and I do agree with you that Tinubu is corrupt...)...if he kept the subsidy....with debt serivice already consuming 75% of our revenue, and with us having to take loans to even keep heads above water, and with NNPC still being owed 2.8 trn in subsidy, plus subsidy costs set to be more than dobule what we spent last year...plus a growing budget deficit.....

Yes, we keep the subsidy, and in five years, we would be so broke that the IMF would be running the country. As would Beijing.



Has Nigeria become like the USA and UK after 40 years of subsidy?

nairalanda1:


There is nothing wrong with subsidy, but the issue is we should be paying for it by tax revenue, not from oyel money, which fluctuates with the price.

shortgun:

Venezuela, Iran, Libya, Angola, Algeria, Egypt e.t.c
These are oil producing countries where fuel is very cheap and affordable to it's citizens.

What did these countries do?
What is stopping Tinubu from replicating same in Nigeria?

If subsidized petrol from Nigeria is diverted to neighbouring countries as they claim. Should the citizens suffer for the inability of Government to perform its function of safeguarding the border?

These are the issues a president like Peter Obi will address systematically, this is why he keeps mentioning countries with working economies.
Tinubu is a corrupt Nigerian politician, he doesn't have what it takes to be upright and implement the right policies

basilo102:

No nation can tax itself into prosperity. Production is what grows the economy, not taxation