nairalanda1:



Yeah I get you, but assuming GEJ Had listened to the ojota people, and returned fuel to N65, back when we were spending N34 per liter as subsidy, and the price remained N65 to date, our subsidy cost would have risen from N34 per liter to N1300 per liter

You can see the effect it would have on our budget, and by extension our debt. Maintaing fuel at N195 was by May last year costing us 99% of our revenue in servicing

Agreed, e go stressful with subsidy removal in totality, but keeping subsidy is another way to economic disaster.

Why I prefer total subsidy removal is that it is the least worst of two worst options. ....it guarantees some more domestic refining, savings of forex, earning more forex, and crucially more jobs and investment. Keeping subsidy just makes things worse as removing it...without those added benefits.

adenigga:



Source: https://punchng.com/Fuel-rises-to-N1,300/litre-as-depots-run-dry

lamentor78:



Just carry your gutter brain out of here, how does protest relate to supply of fuel, how many days will you protest and go back to you miserable abode.

Will protest reduce price of fuel or supply fuel to depot.

I think nairaland should be doing mental evaluation for people before coming on this platform

Savenigeria2023:
Make no mistake about it,

As a Nigerian, you have to fight or die… protest is only a start.

The folks at the corridor of power will rather die than release the fangs on the common wealth.

nairalanda1:


Precisely. At the moment, it costs 700 Milluion naira to pay for subsides. monthly. If fuel had remained at N145, it would have cost over N1.5 billion naira or more monthly to pay for subsdies....at a rate of N1200 PER Liter.

If fuel had stayed at N65...it would be costing N 1300 per liter to subsidse fuel. At fuel consumption of 60 million a day, you do the math....it would make your brain tremble.

Then consider our budget for the year, and you would get why


If I was being paid by tinubu, I would be praising him for being so considerate to keep fuel prices low.

I have been supporting subsidy removal since my eyes got opened in 2011. Before then, I was like you.

nairalanda1:


About the same as ours

Plus, the reason why we have scarcity is that we sell someting that costs 1300 at N700 and below.

Minuium wage does not come into it.

stonemasonn:
The incompetence in NNPC is staggering.
It is time to clear out Buharis boys from NNPC.

Throwback:


Tinubu was very foolish for not cleaning house there when he assumed power.

But sometimes you need people to feel the incompetence, so there will be no protests when you eventually swing in with the wrecking ball.

nairalanda1:


A cleaner overseas pays for fuel at market price, and pays for power at market price, that;s why they get it well well

They also pay property tax and council tax to get a good rail and public transport service.

If we did the above in Nigeria, you guys would cry and cry, so we pay cheap, and get cheap....

We under pay for power, and we get bad power, and we underpay for fuel, and get scarcity, and a host of other things and issues.

And we don't earn enough money, and the corruption worsens things, which is why a cleaner cannot make a decent wage.

We live on money meant for a country of less than 10 million...all 260 million of us, and then we wonder why we cannot have good electricity, refineries, and decent wages.

And you still vote for the same APC and PDP, and co.

MrPOTUS:





Yes, subsidy removal was right, floating d currency at d same time was wrong.

You can't float a currency without steering the economy from import oriented to export oriented.


D naira flotation is the problem we're facing, not even d subsidy removal, it's just like our economy depends on dollar, same as d refined fuel.

Instead of him to put in place means that will boost our productivity, so we'll have enough surplus to export, he arrogantly floated the currency.


There's no light at the end of the tunnel, it's darkness upon darkness.

D CBN monetary policy cannot help, it'll only destroy businesses, dis inflation is not as a result of excess money in d economy.

This is a cost push inflation caused by Mr. Tinubu.

Cardoso is just doing try your luck.

nairalanda1:
Here is the issue

It costs N1300 to bring petrol into the country, yet the Tinubu government insists on making it sell for N700 and less at the filling stations.

And you people expect there to be NO SCARCITY?

If we had removed oil subsidy in 1993, or even 2011...the last best time to have done it...none of this contraindications would have happened.

Over 700 million monthly goes on this abomination , and our debt is rising again. Haba.

Treadway:
already said all this and more in my thread when the power drunk idiot assumed power last year and swiftly started wrecking everything.

https://www.nairaland.com/8017949/how-nigeria-people-govt-got

nairalanda1:
Here is the issue

It costs N1300 to bring petrol into the country, yet the Tinubu government insists on making it sell for N700 and less at the filling stations.

And you people expect there to be NO SCARCITY?

If we had removed oil subsidy in 1993, or even 2011...the last best time to have done it...none of this contraindications would have happened.

Over 700 million monthly goes on this abomination , and our debt is rising again. Haba.

Abee79:
I'm sure it's all a misunderstanding. APC and their supporters have an explanation (as usual) for the mix-up, as they are not usually affected by such trivial issues 🤔

Nice2023:



Quote it and don't say about the same,are we not about the same population with Brazil's population?

Atk1nson:



you must be really daft to think the previous governments were paying over N1,000 a litre to subsidise every litre of petrol imported.

Tinubu crass incompetence is what has move the landing price of petrol from less than 200 to over 1,000 in 1 year.

BigYash:
S t u p i d i t y is your nature ,so it’s not even an insult when I say that’s what you are. Because that what you truly are.. I hope you get it now?

nairalanda1:
Here is the issue

It costs N1300 to bring petrol into the country, yet the Tinubu government insists on making it sell for N700 and less at the filling stations.

And you people expect there to be NO SCARCITY?

If we had removed oil subsidy in 1993, or even 2011...the last best time to have done it...none of this contraindications would have happened.

Over 700 million monthly goes on this abomination , and our debt is rising again. Haba.

caye:


You never fail to disappoint sir.
You're always on point: like a well trained robot .

Question: How do you know EXACTLY that the landing cost of ₦1300 by the NNPC & Marketers is the true price , considering the fact that the "gods " in the NNPC do not want any refinery to work in Nigeria?

nairalanda1:


About the same as ours

Plus, the reason why we have scarcity is that we sell someting that costs 1300 at N700 and below.

Minuium wage does not come into it.

caye:


Nairalander1, ah!
And you told this obiti-biti lie!
Fear God small, na!

What is the exchange rate of Ghana to ours?
Hope you know Ghana has one of the better currencies in west Africa, while Nigeria is NOW 1 OF THE WORST PERFORMING CURRENCY IN WEST AFRICA!

AH! Nairalander1!
The 30k-100k can't buy you much foodstuff oh!

caye:


H! Nairalander1!
The 30k-100k can't buy you much foodstuff oh!

caye:


Nairalander1, ah!
And you told this obiti-biti lie!
Fear God small, na!

What is the exchange rate of Ghana to ours?
Hope you know Ghana has one of the better currencies in west Africa, while Nigeria is NOW 1 OF THE WORST PERFORMING CURRENCY IN WEST AFRICA!

AH! Nairalander1!
The 30k-100k can't buy you much foodstuff oh!

nairalanda1:


A cleaner overseas pays for fuel at market price, and pays for power at market price, that;s why they get it well well


And you still vote for the same APC and PDP, and co.