Subsidy should ideally not return.

Racoon:
Criminal FG! Tinubu as usual was itchy and impulsive with this subsidy removal issue but of course he is not sincere with any social contract he promised the battered Nigerians because he is a fraudulent and criminal person from antiquity.Hence the many anti- human policies of his illegitimate government

He opposed fuel subsidy removal in 2012 calling it a scan and fraud. Fast forward to today, the APC he created ended up being the biggest scam and fraud ever seen in the annals of this nation.

Didn't your principal Peter Obi call for subsidy removal as well. 🤡

[quote author=Nwodosis post=125945530]Tinubu built Lagos, he will definitely build Nigeria, he only need our little patient and supportive hands. This is first time we are blessed with a First Class graduate as a Presisdent!

[/quote
First class illiterate you mean to say.

I no understand again, wetin be the real price of this fuel without subsidy, cos which one be FG may pay, abi dollar don reach #1500?

nairalanda1:
At the end of the day, the APC government was always in support of subsidy.

Nigeria cannot afford subsidy again. If we had kept subsidy since May 29, and fuel remained at N195, by now, subsidy costs would have risen drastically, and government would have either been taking loans from other parts of the budget to pay for the subsidy, or taken more loans, or declare force maejure, and the market would end up having scarcity.

We keep making the same mistake every time, all in the name of cheap fuel

THERE IS NO SUCH THING AS CHEAP FUEL. Fuel costs money to produce. But because we want the poor to breathe, we use tomorrow's money to pay yesterday's costs.

Ah well, everyone should be 'happy' now.

Don't complain when the debt rises, and when we don't have refineries again.



(Yeah, like it makes sense to sell fuel at N617 when it costs N900 in reality. Apparently believing that it is wrong to sell fuel at a loss means you are an oppressor, and hate Nigerians. Well, anyone quoting me to tell me that I am wrong....WOULD YOU sell your goods at a loss to let the poor breathe? )

Am out. .

Mtchww

Freestuffng , helinues and co will ignore this thread

Nwodosis:
Tinubu built Lagos, he will definitely build Nigeria, he only need our little patient and supportive hands. This is first time we are blessed with a First Class graduate as a Presisdent!

name 5things Tinibu brought to Lagos and put in mind Lagos was the Capital of Nigeria for Decades

Hmmm

Ikaeniyan0:
Nigerians have gotten use to buying cheap fuel

The FG might be subsidizing till Dangote or PH refinery start working.

That means the FG will be subsidizing till eternity, as there is no way for either of those refineries to be profitable selling their output for less than it costs them to make it. As Nairalanda1 has already said, Nigerians are utterly delusional in wanting to keep their cake while eating it.

The most inane aspect of all the whining about the subsidy and the never-ending slide of the Naira is that none of the groaners and moaners can see the obvious linkage between the two issues. Tinubu tried to bring the subsidy to a quick end because the FG had run out of foreigners willing to lend it money to throw away on selling cheap fuel to all of West Africa. That reality has not changed, especially with interest rates so much higher back in safe, credit-worthy Western countries, so the FG has no other source to turn to in "paying" for the subsidies Nigerians demand than ye olde printing presse, aka inflation.

It is that inflation which is driving the Naira's value against the USD down like a stone - the indigent Nigerian masses may be easily fooled into thinking printing more money can magically make one better off, but US Dollar (and Euro, and Yen, and UK Pound) holders are not so easy to bamboozle. They won't part with their cash for the same price while domestically you're paying 22% more for everything from onions to cheap slippers.

Ikaeniyan0:
Nigerians have gotten use to buying cheap fuel

The FG might be subsidizing till Dangote or PH refinery start working.

A working dangote refinery does not mean cheap fuel.

Profit must be made for the refinery to work.

nairalanda1:
At the end of the day, the APC government was always in support of subsidy.

Nigeria cannot afford subsidy again. If we had kept subsidy since May 29, and fuel remained at N195, by now, subsidy costs would have risen drastically, and government would have either been taking loans from other parts of the budget to pay for the subsidy, or taken more loans, or declare force maejure, and the market would end up having scarcity.

We keep making the same mistake every time, all in the name of cheap fuel

THERE IS NO SUCH THING AS CHEAP FUEL. Fuel costs money to produce. But because we want the poor to breathe, we use tomorrow's money to pay yesterday's costs.

Ah well, everyone should be 'happy' now.

Don't complain when the debt rises, and when we don't have refineries again.



(Yeah, like it makes sense to sell fuel at N617 when it costs N900 in reality. Apparently believing that it is wrong to sell fuel at a loss means you are an oppressor, and hate Nigerians. Well, anyone quoting me to tell me that I am wrong....WOULD YOU sell your goods at a loss to let the poor breathe? )

Am out. .

Subsidizing fuel is not what is keeping the country in debt rather the politicians.

His Excellency is on top of the situations


To that end,no cause for alarm.

His Excellency,the commander in chief is on


top of the situations


To that end,no cause for alarm.

Crude oil was over $100 during Jonathan's administration yet price of fuel was kept under N200 even after he attempted to remove subsidy. The damages APC have done to Nigeria, it would take a long time to undo.

Ikaeniyan0:
What do some of you people want sef? Government no subsidize, una go wail

Government is subsidizing, una don start to dey wail again

Dis is it

Nwodosis:
Tinubu built Lagos, he will definitely build Nigeria, he only need our little patient and supportive hands. This is first time we are blessed with a First Class graduate as a Presisdent!

Werey

omohayek:

That means the FG will be subsidizing till eternity, as there is no way for either of those refineries to be profitable selling their output for less than it costs them to make it. As Nairalanda1 has already said, Nigerians are utterly delusional in wanting to keep their cake while eating it.

The most inane aspect of all the whining about the subsidy and the never-ending slide of the Naira is that none of the groaners and moaners can see the obvious linkage between the two issues. Tinubu tried to bring the subsidy to a quick end because the FG had run out of foreigners willing to lend it money to throw away on selling cheap fuel to all of West Africa. That reality has not changed, especially with interest rates so much higher back in safe, credit-worthy Western countries, so the FG has no other source to turn to in "paying" for the subsidies Nigerians demand than ye olde printing presse, aka inflation.

It is that inflation which is driving the Naira's value against the USD down like a stone - the indigent Nigerian masses may be easily fooled into thinking printing more money can magically make one better off, but US Dollar (and Euro, and Yen, and UK Pound) holders are not so easy to bamboozle. They won't part with their cash for the same price while domestically you're paying 22% more for everything from onions to cheap slippers.

Nigerians are delusional? Majority of you Tinubu supporters are insanely cantankerous.
So Nigerians are to be blamed for Governmental failures but not the idiots you support making the decisions.

Taylor92:
So finally Buhari was better than Tinubu


I never thought we could have a president worse than Buhari


I’m so sad right now

If Tinubu no know wetin to use money do make he use am subside olosho for us abeg at least make person see cheap babes carry

Because konji no different from Marlians music

If the president allow it PMS price to flow with dollars rate, the price of fuel will be increased again by the marketers, he's capping it, you're still complaining, governance is not a tea party.

Sylva2147:


Subsidizing fuel is not what is keeping the country in debt rather the politicians.

Subsidy is one of the things contributing to our debt. And since politicans make the decision to keep subsidy and have done so since 1999, it is still their fault

( Other things that keep us in debt is the fluctuations in oil price, import dependency and massive looting and corruption. Failure to diversify the economy worsens the matter).


If we had kept petrol at N65 since 2011, by now subsidy costs would have been running between 900 to 1000 per liter, up from 34 naira in Dec 2011. And we would have been paying for the thing from other parts of the budget.

Nothing like cheap fuel

nairalanda1:



Buhari did EXACTLY what Tinubu is doing now. And both of them did what EVERY NIGERIAN LEADER has done in the name of subsidy since 1973.

Sell petrol at a loss, and pay a subsidy that cannot cover the loss long term without us running into debt.

You guys, and the Tinubu guys do not see it, because you think you can buy something that costs N100 at N1.

Anyway, enjoy your subsidy. At the end, all of you Nigerians, you are the same. You want cheap fuel.

If we sold fuel today at the N145 it was under Buhari, we would be paying N800 per liter as subsidy by now. Is that sustainable, oga?

If we sold fuel today at the N87 it was under GEJ, we would be paying N900 or more per liter as subsidy now. Is that sustainable?

Tinubu=Buhari-=GEJ=Obj=Yaradua=army.

We dey pay too much for this cheap fuel.


Indeed, if you think that Buhari is better than Tinubu, you don't have any awareness of how much debt subsidy has plunged our economy into, apart from the other causes of our debt, corruption included.

The honest truth is, we have paid too much for cheap fuel. And for tinubu to bring back cheap fuel, it shows that his government has decided to return to one more failed government policy.

Well, let's keep lying to ourselves. Niger and Ghana buy fuel above N900 per liter...and BOTH HAVE WORKING REFINERIES. No subsidy, working refineries. The income we earn from oil is too low for us to pay for subsides and pay for good refineries. Not when we produce less than Libya....for a population twenty times the size of Libya/

I wonder why people like you sit to write epistles like this. Nigerians are not the ones to build refineries. Your so called leaders have that responsibility.

Nigeria is not for you , it belongs to Morayo brown of tvc , abike , MC olouomo and co ... The earlier you realize this ,the better... Go and see the new house Morayo of TVC just bought ,you will understand this country doesn't belong to us , na just very few people go enjoy am.


So , all this subsidy talk matter no really matter,coz we go explain tire.

The masses go suffer tire.
Just look at small businesses in Nigeria suffering ,everywhere just dry.

The government's handling of petrol subsidies has indeed been a matter of concern. The Executive Director rightly points out the lack of sincerity in both intentions and actions. It's troubling that the NNPC appears to overstep its boundaries and disseminate half-truths. The situation raises questions about the authority behind arbitrary deductions for subsidy payments, especially after the President's declaration of removal. This situation reminds us of the 2020 probe into questionable NNPC withdrawals. Additionally, the lack of official statements regarding subsidies while international crude prices and the exchange rate surge suggests we're effectively back in a subsidy regime.

It's crucial for the government to be clear and decisive, but more importantly, its actions should be guided by technically sound policies, public consensus, and administrative feasibility. Building a democracy centered on public trust and accountability is a fundamental necessity, and it's disheartening to see these issues persist in the government's policies and actions.

Tooreda:




I wonder why people like you sit to write epistles like this. Nigerians are not the ones to build refineries. Your so called leaders have that responsibility.

They did.

The refineries did not work because the government then started selling fuel at a loss and paying a subsidy to cover the loss , and then the whole mess came in.

Once you set the price of a good or service below what it costs to produce, there would be sabotage, corruption and evil doings and wrecked production instruments. Because things need a profit to run well.

Niger is poorer than us, they produce crude and they have a working refinery because they sell fuel at a profit. Right now it is above 1000 per liter there. The army junta has not reduced the price.

Communist countries used to subsidize food. The result? Long queues and massive scarcity of products. Then they dumped the subsidy.

nairalanda1:



Buhari did EXACTLY what Tinubu is doing now. And both of them did what EVERY NIGERIAN LEADER has done in the name of subsidy since 1973.

Sell petrol at a loss, and pay a subsidy that cannot cover the loss long term without us running into debt.

You guys, and the Tinubu guys do not see it, because you think you can buy something that costs N100 at N1.

Anyway, enjoy your subsidy. At the end, all of you Nigerians, you are the same. You want cheap fuel.

If we sold fuel today at the N145 it was under Buhari, we would be paying N800 per liter as subsidy by now. Is that sustainable, oga?

If we sold fuel today at the N87 it was under GEJ, we would be paying N900 or more per liter as subsidy now. Is that sustainable?

Tinubu=Buhari-=GEJ=Obj=Yaradua=army.

We dey pay too much for this cheap fuel.


Indeed, if you think that Buhari is better than Tinubu, you don't have any awareness of how much debt subsidy has plunged our economy into, apart from the other causes of our debt, corruption included.

The honest truth is, we have paid too much for cheap fuel. And for tinubu to bring back cheap fuel, it shows that his government has decided to return to one more failed government policy.

Well, let's keep lying to ourselves. Niger and Ghana buy fuel above N900 per liter...and BOTH HAVE WORKING REFINERIES. No subsidy, working refineries. The income we earn from oil is too low for us to pay for subsides and pay for good refineries. Not when we produce less than Libya....for a population twenty times the size of Libya/

Where you are getting it wrong is not about having refinery but the product.

We have the product, but fg refuse to allow the investing NIGERIA public to build smaller refinery because of dangote investment.

If you create competition, price will definitely come down, no rocket science about that.

The drug induced sick shaky criminal APC president no like to do normal sebi normal na to think before you act, Him se na act before you think him like

nairalanda1:



Buhari did EXACTLY what Tinubu is doing now. And both of them did what EVERY NIGERIAN LEADER has done in the name of subsidy since 1973.

Sell petrol at a loss, and pay a subsidy that cannot cover the loss long term without us running into debt.

You guys, and the Tinubu guys do not see it, because you think you can buy something that costs N100 at N1.

Anyway, enjoy your subsidy. At the end, all of you Nigerians, you are the same. You want cheap fuel.

If we sold fuel today at the N145 it was under Buhari, we would be paying N800 per liter as subsidy by now. Is that sustainable, oga?

If we sold fuel today at the N87 it was under GEJ, we would be paying N900 or more per liter as subsidy now. Is that sustainable?

Tinubu=Buhari-=GEJ=Obj=Yaradua=army.

We dey pay too much for this cheap fuel.


Indeed, if you think that Buhari is better than Tinubu, you don't have any awareness of how much debt subsidy has plunged our economy into, apart from the other causes of our debt, corruption included.

The honest truth is, we have paid too much for cheap fuel. And for tinubu to bring back cheap fuel, it shows that his government has decided to return to one more failed government policy.

Well, let's keep lying to ourselves. Niger and Ghana buy fuel above N900 per liter...and BOTH HAVE WORKING REFINERIES. No subsidy, working refineries. The income we earn from oil is too low for us to pay for subsides and pay for good refineries. Not when we produce less than Libya....for a population twenty times the size of Libya/

How about you go to hell with this useless explanation

That is what u see from iidiots when they refuse to do the right thing. How much does it take to build a refinery.

chiedozie198100:


How about you go to hell with this useless explanation

E pain am!

Before now we use to be excited that price of crude is high but now we wail

@ Adenigga

It is per gallon not per litre

The good thing about this news is there will be less APC miscreants making noise online. They would have used their small change to buy fuel

LordBillionz:
Freestuffng , helinues and co will ignore this thread

Those ones are men without capacity, they have absolutely nothing to lose....as long as they have money to buy akara and koko.

MEGAWATCH:




Where you are getting it wrong is not about having refinery but the product.

We have the product, but fg refuse to allow the investing NIGERIA public to build smaller refinery because of dangote investment.

If you create competition, price will definitely come down, no rocket science about that.

1. There are 4 other refineries apart from dangote that are privately owned.

Government is not stopping anyone

2. The issue is the uncertainty over pricing. Since government is obviously still controlling prices, why should someone set up a private modular refinery and losse money?

And why should lenders lend money to such a refinery if they won't get their money back?

20 licences have been issued for private refineries, Dangote included. Does that strike you as government not letting people set up refinery?