Even Ben Ayade's name was thrown in the dustbin.

Zupay:


And you yarimo, is the next...........?

CBN governor

nairalanda1:


I was against subsidy then too.

So if you are against subsidy, why are you arguing with me then?

I think you still. Want subsidy. Nothing wrong with that

Are you not the same person who usually claims that he was against subsidy until his eyes were opened by Sanusi?
I am against subsidy removal as I was in 2012 because I believe it's an act of irresponsibility by the govt.
The solution is simple and does not change. Fix the refineries. Once that is done, we'll have control over the price just as we do for garri, yam and other locally produced commodities. That's how Saudi and most oil producing countries do it and it has nothing to do with how much they make or their production quota as you always claim.

Importing fuel and removing subsidy is like exposing our already weak local economy to the vagaries of being appendages to far developed economies which is what killed our local industries in the late 80s to early 90s and turned us to an import dependent economy.
You can already see the stress removal has caused in our system.

Even fashola would go find a job or relax for old age now

Kukutente23:

Are you not the same person who usually claims that he was against subsidy until his eyes were opened by Sanusi?
I am against subsidy removal as I was in 2012 because I believe it's an act of irresponsibility by the govt.
The solution is simple and does not change. Fix the refineries. Once that is done, we'll have control over the price just as we do for garri, yam and other locally produced commodities. That's how Saudi and most oil producing countries do it and it has nothing to do with how much they make or their production quota as you always claim.

Importing fuel and removing subsidy is like exposing our already weak local economy to the vagaries of being appendages to far developed economies which is what killed our local industries in the late 80s to early 90s and turned us to an import dependent economy.
You can already see the stress removal has caused in our system.

And for me, the solution is simple.

Remove subsidy, which in turn makes it attractive to investment to come in, since there won't be price controls anymore, and everyone is free to make a profit refining at home

For me, the best time to remove subsidy was in 1992/3, when we still had some domestic refining.

How my beliefs makes me a tinubu supporter in your eyes is what I don't get.

Oga, you have a problem. Anyone who disagrees with you is a supporter of Tinubu in your mind.

I'm done here. I can't discuss with people who think that I am evil.

Good evening. Just because we think differently does not mean I back corrupt politicans.

nairalanda1:


And for me, the solution is simple.

Remove subsidy, which in turn makes it attractive to investment to come in, since there won't be price controls anymore, and everyone is free to make a profit refining at home

Investment doesn't come because a country remove subsidy.
Every country which got rich through oil had subsidy and still do.
Investors go where their investment is safe from political instability
and are assured of fair justice.

For me, the best time to remove subsidy was in 1992/3, when we still had some domestic refining.

There was no best time to remove subsidy ever.
Many African countries don't have fuel subsidies, yet they cant compete in any economic indices
with middle east big subsidy governments.

ivolt:

Investment doesn't come because a country remove subsidy.
Every country which got rich through oil had subsidy and still do.
Investors go where their investment is safe from political instability
and are assured of fair justice.


There was no best time to remove subsidy ever.
Many African countries don't have fuel subsidies, yet they cant compete in any economic indices
with middle east big subsidy governments.

The problem with subsidy is the price control that is needed for the thing to work. In other words, the price control maintained by DPR.

Now, do you see price controls in the GSM sector? No.

Even more so, the GSM sector was allowed to operate without a subsidy...which is why we had phone lines costing N10000 initially...which was too expensive for any sane person to buy then. But that is why we ended up having more and more investment...and today we have a whole infrastructure built up without government money.

Subsidy on petrol not only stifled profits , it stifled growth, and created a growing deficit in our budget year in and year out and spawned a government bureaucracy which ended up with a lot of corruption.



As for oil countries having subsidy...see Venezuela. Subsidy on fuel has so wrecked their economy, and their refining power, plus they lose billions more than we do to smuggling.

Iran has a huge debt problem from maintaining subsides on everything.

The only countries that can run subsidy on oil income are tiny countries like Libya, or countries like Saudi that have 40 million and produce ten times more oil than we do.

Nigeria, cannot run a subsidy because we never had enough money to do so. The corruption and looting only made matters worse.

Kukutente23:

The list is fake. I saw the original list and these are the names

LeoDeKing Defence
Helinues interior
FreeStuffsNG Humanitarian Affairs
Seunmsg Finance
Zxcvbnmghtr Trade and Commerce
LegendHero Culture and Tourism
Nairalanda1 Petroleum
IconicR Women Affairs
Christistruth03 Agriculture


Others are coming

You didn't mention Ihordspy

001Lagos:
No wonder FFK have been quiet for sometime now

I know that soon, he will start insulting Tinubu as usual 😂😂

They are loyal to nobody but to their stomach. They are shameless things.

nairalanda1:

The problem with subsidy is the price control that is needed for the thing to work. In other words, the price control maintained by DPR.

I think you are confusing price control with subsidy.
They are not the same thing.
Your other arguments are based on this misconception, hence I
cant engage with them as is.

ivolt:

I think you are confusing price control with subsidy.
They are not the same thing.
Your other arguments are based on this misconception, hence I
cant engage with them as is.

Price control is an element of subsidy.

If there was no price control, what was DPR enforcing then?

FFK most lilely opted out of Ministerial post.. there are other juicy appointments he can select from e.g Ambassador to one correct country where he'll go and chilax.

The person I am really happy for is Wike, the man made a tough decision that has finally paid off. The likes of Ortom that queued behind Obi are nowhere near politics today.

Big moral lesson.. no permanent friend or foe in politics, just interests, so don't go about hurting others over politicians.

Question

Kukutente23:

The list is fake. I saw the original list and these are the names

LeoDeKing Defence
Helinues interior
FreeStuffsNG Humanitarian Affairs
Seunmsg Finance
Zxcvbnmghtr Trade and Commerce
LegendHero Culture and Tourism
Nairalanda1 Petroleum

E never complete .
IconicR Women Affairs
Christistruth03 Agriculture


Others are coming

No gworo chewing Yarimo and Vultures griller for the list biko

001Lagos:
No wonder FFK have been quiet for sometime now

I know that soon, he will start insulting Tinubu as usual 😂😂

You're very correct...soon he will change mouth and start saying he made a mistake not to support Obi

Chineloani:
So, the final awaited Ministerial List was read at the Senate and the following Bigwigs of the APC were missing:
1. Femi-Fani Kayode (FFK)
2. Ganduje (Former Gov. Of Kano)
3. Festus Keyamo (SAN)

Could they have done something wrong or they lack the needed capacities for any Ministerial seat?

What's your opinion?

Ffk is an inconsequential politician. Nobody takes him serious

@op
if na u, u fit nominate them?

Kukutente23:

The list is fake. I saw the original list and these are the names

LeoDeKing Defence
Helinues interior
FreeStuffsNG Humanitarian Affairs
Seunmsg Finance
Zxcvbnmghtr Trade and Commerce
LegendHero Culture and Tourism
Nairalanda1 Petroleum
IconicR Women Affairs
Christistruth03 Agriculture


Others are coming

You didn’t add that BBQ guy and the NLpoliceNG

Zxcvbnmghtr:


Am beginning to like you.

Gaybriel

Christistruth03:
Tinubu did well by Excluding Fani Kayode from the list

Fani Kayode should be given an Ambassador position in a country where his loose canon mouth can do minimum damage like Ukraine ,Syria ,Gambia or Myanmar

Or Niger republic

nairalanda1:


Price control is an element of subsidy.

If there was no price control, what was DPR enforcing then?

Nope.
Price control is very different from subsidy.
When the government distributes free fertilizers, that is agricultural subsidy
and it has no conditions attached.

If the government mandates that house rent in Lagos should not exceed 1 million per annum
or that DSTV cannot charge more than 10K per month.
That is price control, it has nothing to do with subsidy as the government contributes 0%
to landlord's building materials or Satellite maintenance.

When a private entity want to participate in a government-controlled industry and agreed to abide
by stated rules, there is nothing wrong if the DPR decide to punish defaulters as none of them were
forced to participate.
They applied of their own volition and went through a lengthy approval process willingly.
You cannot collect a conditional subsidy fund while at the same time want to operate freely.
It is never done. You either agree to the terms or exit the industry.

New York has rent control for certain apartments with ZERO subsidy. The funny thing is that investors aren't running
away from New York real estate. In fact, it is a highly active investment market. Anyone who doesn't want to be subjected to
rent control simply avoid dealing in the regulated sector.

Back to the subsidy vs price control.
If a body awards 50% scholarship to a student(a kind of subsidy).
The school cannot start crying about price control because the student is
only paying half of the fees. That is illogical. No price is being controlled!

nairalanda1:


So because I support fuel subsidy removal, therefore I am a tinubu supporter in your mind.?

I guess Obi and Atiku are tinubu supporters since they support subsidy removal too.

Honestly, mockery all the time! Don't you think that it even blinds people to any point you are trying to make?

Oga, grow up. Seriously, you are acting like a child. Grow up. People have the right to hold different opinions from you.



Don't quote me again.


Modifed

Seems on this site, if you support subsidy removal, you are an APC supporter.

Eleven years ago, if you supported subsidy removal, you were a PDP supporter.

That's why it is really difficult to have sane discussions on this site. The rules are...if you disagree with me, you must support the other side.

At the end, I support no side. I am apolitical, I do not back the APC, PDP or LP. I back a Nigerian leader who would take us off our dependency on oil. That leader has not yet come.

But that person didn’t say you are a Tinubu supporter from his quote.

Keyamo will soon be appointed as the minister of twitter in Nigeria.

Political liabilities!

komzy589:

But that person didn’t say you are a Tinubu supporter from his quote.

So, why is my monicker among those of Tinubu supporters?

And why was he saying I was on Tinubu's ministeral list?

Don't excuse his wrongdoing please.

Used And Discarded
This is The Best Treatment For Dishonest, Hungry Corrupt & Fraudulent Politicians

nairalanda1:

Seems on this site, if you support subsidy removal, you are an APC supporter.

Eleven years ago, if you supported subsidy removal, you were a PDP supporter.

That's why it is really difficult to have sane discussions on this site. The rules are...if you disagree with me, you must support the other side.

At the end, I support no side. I am apolitical, I do not back the APC, PDP or LP. I back a Nigerian leader who would take us off our dependency on oil. That leader has not yet come.

Thank you for this.

I've seen folks over here labelled me 'Ipob, wailer and the likes just because I had a contrary opinion to theirs, well, they are flesh and blood so I don't expect anything else from them.

Because of the EU report on fraudulent election: Imagine a two world-class liers led by a droglord with a fake certificate on diplomatic mission to a foreign country.

ivolt:

Nope.
Price control is very different from subsidy.
When the government distributes free fertilizers, that is agricultural subsidy
and it has no conditions attached.

If the government mandates that house rent in Lagos should not exceed 1 million per annum
or that DSTV cannot charge more than 10K per month.
That is price control, it has nothing to do with subsidy as the government contributes 0%
to landlord's building materials or Satellite maintenance.

When a private entity want to participate in a government-controlled industry and agreed to abide
by stated rules, there is nothing wrong if the DPR decide to punish defaulters as none of them were
forced to participate.
They applied of their own volition and went through a lengthy approval process willingly.
You cannot collect a conditional subsidy fund while at the same time want to operate freely.
It is never done. You either agree to the terms or exit the industry.

New York has rent control for certain apartments with ZERO subsidy. The funny thing is that investors aren't running
away from New York real estate. In fact, it is a highly active investment market. Anyone who doesn't want to be subjected to
rent control simply avoid dealing in the regulated sector.

Back to the subsidy vs price control.
If a body awards 50% scholarship to a student(a kind of subsidy).
The school cannot start crying about price control because the student is
only paying half of the fees. That is illogical. No price is being controlled!

Petrol subsidy as practiced in Nigeria (you do not have to believe me)..is not the same as agricultural subsidy done stateside.

Here we force the price of petrol below the production cost, and (roughly speaking) pay a subsidy to compensate for that loss.

What you have just described about agric subsidies is implicit subsides. The equivalent in Nigeria would be giving exisitng refineries that are working...cash breaks, tax breaks, and so forth.

We practiced explicit subsides...over here.

Again, if you want subsidy, you can call your senator and ask for it to come back. But we cannot afford subsides, and that has been the case for decades. We just refused to see it.

SenatePresdo:


You didn't mention Ihordspy

And Parachoko that is always standing on somebody's manho0d.

NamelessOGBENI:

Thank you for this.

I've seen folks over here labelled me 'Ipob, wailer and the likes just because I had a contrary opinion to theirs, well, they are flesh and blood so I don't expect anything else from them.

Yeah, tis Nairaland.

Though the purpose of internet debate, as I read somewhere else...is simple. It's to make one's opponent look silly. Facts need not matter.

nairalanda1:


And for me, the solution is simple.

Remove subsidy, which in turn makes it attractive to investment to come in, since there won't be price controls anymore, and everyone is free to make a profit refining at home

For me, the best time to remove subsidy was in 1992/3, when we still had some domestic refining.

How my beliefs makes me a tinubu supporter in your eyes is what I don't get.

Oga, you have a problem. Anyone who disagrees with you is a supporter of Tinubu in your mind.

I'm done here. I can't discuss with people who think that I am evil.

Good evening. Just because we think differently does not mean I back corrupt politicans.

Nobody has a problem with your beliefs. The problem is lying to force your belief.
For example, you claim subsidy removal will make investments come in but we've had Dangote refinery, waltersmith refinery and even bua being built while subsidy was in place. If i ask you how that flies in the face of your claim, you'll look for excuses which more often than not are lies.
All of us can see the effect of subsidy removal on the economy presently.
What's funny is that at the end of it, even you later admit there's no guarantee of any tangible benefit for subsidy removal other than putting more money in the hands of politicians. And we all know what usually happens to such monies.

You all agree subsidy removal will not bring down the price of fuel in the short or long run

You claim subsidy removal will bring investment when we already have investment with subsidy in place... and other advanced countries have subsidies and it has not stopped investment.

Hope you see where I disagree with you now