Tinubu Rules Out Return Of Fuel Subsidy, Says Decision Painful But Necessary - Politics (8)

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Tinubu Rules Out Return Of Fuel Subsidy, Says Decision Painful But Necessary - Politics (8) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Tinubu Rules Out Return Of Fuel Subsidy, Says Decision Painful But Necessary (29431 Views)

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Re: Tinubu Rules Out Return Of Fuel Subsidy, Says Decision Painful But Necessary by Omonigeriarere: 12:38pm On Aug 04

nairalanda1:

Governors and president should be held accountable oga.

I am not here to play obedient vs agabdo

Now, you reiterate the same thing I said earlier.

Re: Tinubu Rules Out Return Of Fuel Subsidy, Says Decision Painful But Necessary by Everydaylove: 12:39pm On Aug 04

Sell it to your brainwashed supporters.

Re: Tinubu Rules Out Return Of Fuel Subsidy, Says Decision Painful But Necessary by yoribo: 12:40pm On Aug 04

Please the money our federal government is using to pay for the subsidy is it his money or Lagos State Money ? I am confused here. All our leaders think Nigeria and states belong to them. And No question about. See

We can’t afford to use electricity in my house because of the hike in electricity tariff, 1kw is 225 Naira. How can small scale industries cope with this tariffs and still government desires to create jobs for small business.

We only hear Billions on Trillions on news without affecting the citizens. Our mumu never too much.

hi

Kuginzi:
By Baba Martins

https://dailytrust.com/breaking-tinubu-rules-out-return-of-fuel-subsidy-says-decision-painful-but-necessary/

Re: Tinubu Rules Out Return Of Fuel Subsidy, Says Decision Painful But Necessary by Dspsalvate: 12:44pm On Aug 04

"Every evil done by man to man shall surely be redress. If not now then certainly later, if not by man then certainly by God;for the victory of evil over good can only be temporal"

Re: Tinubu Rules Out Return Of Fuel Subsidy, Says Decision Painful But Necessary by Oghene86: 12:51pm On Aug 04

SmartPolician:

Some people are asking that PMS be sold at 200 per litre while others stated that they wanted subsidy removal reversed. Those two are economically impossible at this time for reasons we all know. That policy has crossed the Rubicon.

But subsidy is still ongoing, we should move for our refineries to be fixed immediately

Re: Tinubu Rules Out Return Of Fuel Subsidy, Says Decision Painful But Necessary by Asazwalingwa: 12:51pm On Aug 04

Nvestor02:
[/b]
If Tunibu decides to remove the subsidy, it would make him seem like the most incompetent president ever. But I know how brave Tunibu is, and I believe no amount of criticism will stop him from pushing Nigeria forward. Thanks.

Removing the subsidy is their main demand because the people behind this protest are the ones benefiting from it, and they want it back to drain Nigeria even more.

This decision is the right move to improve Nigeria. We've already seen how he increased the allocation by 41%. I can't understand what these people are thinking when they say Timangu is on the wrong path.

To make Nigeria better, everyone needs to make sacrifices. What you eat is your responsibility than the government's. Let that really sink in.

Be deceiving yourself. You never said this during GEJ's regime when we would have be able to cushion the effects better.
What will consume you is coming...

Re: Tinubu Rules Out Return Of Fuel Subsidy, Says Decision Painful But Necessary by otherway: 12:53pm On Aug 04

Nvestor02:
[/b]
If Tunibu decides to remove the subsidy, it would make him seem like the most incompetent president ever. But I know how brave Tunibu is, and I believe no amount of criticism will stop him from pushing Nigeria forward. Thanks.

Removing the subsidy is their main demand because the people behind this protest are the ones benefiting from it, and they want it back to drain Nigeria even more.

This decision is the right move to improve Nigeria. We've already seen how he increased the allocation by 41%. I can't understand what these people are thinking when they say Timangu is on the wrong path.

To make Nigeria better, everyone needs to make sacrifices. What you eat is your responsibility than the government's. Let that really sink in.

How ignorant.

Tinubu is still paying subsidy. Argue with your keypad

Re: Tinubu Rules Out Return Of Fuel Subsidy, Says Decision Painful But Necessary by stanbright(m): 12:53pm On Aug 04

Salewa97:
Baba Tinubu, you dey talk true!

Removing fuel subsidy is a bold step towards fixing our economy for the future. Those temporary fixes have only held us back for too long. We need a leader who can make tough choices for the betterment of Nigeria. Let the protesters shout; true progress always comes with discomfort. We stand with you, Mr. President!

Now you called it a bold step
Wasn't Tinubu against Jonathan for subsidy removal back in 2012??
What changed??
Or are you trying to say it was used to distabilize the Jonathan's government??

1 Like

Re: Tinubu Rules Out Return Of Fuel Subsidy, Says Decision Painful But Necessary by stanbright(m): 12:55pm On Aug 04

Chinkoalhaji34:
E go pain some people for body, but na wetin we suppose do to move forward.

Peter Obi go just dey sit down dey plan how to continue the wahala wey him start.

No be him sabi anything about governance, na only for mouth him dey shine.

Peter Obi Organised the protest??

1 Like

Re: Tinubu Rules Out Return Of Fuel Subsidy, Says Decision Painful But Necessary by lightwind(m): 12:57pm On Aug 04

Chinkoalhaji34:
E go pain some people for body, but na wetin we suppose do to move forward.

Peter Obi go just dey sit down dey plan how to continue the wahala wey him start.

No be him sabi anything about governance, na only for mouth him dey shine.

Are U stupid ??

What business does this have to do with Peter Obi you mentioned here ?

Is he the only opposition in this country ?

Re: Tinubu Rules Out Return Of Fuel Subsidy, Says Decision Painful But Necessary by Asazwalingwa: 12:57pm On Aug 04

Chinkoalhaji34:
E go pain some people for body, but na wetin we suppose do to move forward.

Peter Obi go just dey sit down dey plan how to continue the wahala wey him start.

No be him sabi anything about governance, na only for mouth him dey shine.

Is it Peter Obi that's your problem... When you cannot eat.
I just realized who the problem of the country is, it's the West. The North is dragging you guys and your so called son, your problem is the East. No be juju be that? I am from South -south (we no dey carry last).

Re: Tinubu Rules Out Return Of Fuel Subsidy, Says Decision Painful But Necessary by Asazwalingwa: 1:01pm On Aug 04

Salewa97:
Baba Tinubu, you dey talk true!

Removing fuel subsidy is a bold step towards fixing our economy for the future. Those temporary fixes have only held us back for too long. We need a leader who can make tough choices for the betterment of Nigeria. Let the protesters shout; true progress always comes with discomfort. We stand with you, Mr. President!

Are you okay? Is this not the same subsidy removal of 2012?

Re: Tinubu Rules Out Return Of Fuel Subsidy, Says Decision Painful But Necessary by LucemFerre: 1:08pm On Aug 04

Booby don fall
Back to d matter

Re: Tinubu Rules Out Return Of Fuel Subsidy, Says Decision Painful But Necessary by Tripleaj(m): 1:10pm On Aug 04

Can we for once be reasonable; are these not a fact, if the President is truly sincere with is speech. Can this country ever be rule by good leaders and can we Nigerians ever for once think, ever for just a minute that those people are not working for us but working for themselves and families. (But wetin I know, our mumu just dey start press up, let see how far we go)

These are some questions someone asked Mr. President this morning, he said and I quote;
President Bola Ahmad Tinubu I Totally Disagree With You That You Inherited A Dilapidated Nigeria From The Former President Muhammadu Buhari Below Are My Reasons

How Can A President That Claimed To Have Inherited A Dilapidated Nigeria Be Spending Public Funds Extravagantly As If You Inherited A Rich And Prosperous Country

How Would You Justify The Following Extravagant Spendings Under Your Government

21 Billion Naira To Renovate The Vice President House

70 Billion Naira To The National Assembly Members To Buy SUVs At The Cost 160 Million Naira Per One For Senators And House Of Representatives Members Specifically

4 Billion Naira To Renovate Dodan Barrack Lagos Another 3 Billion Naira To Renovate Aguda House

5 Billion Naira Was Given To Presidential Tax Reforms Committee Of Less Than Twenty People Headed By Taiwo Oyedele With Nothing To Show For It

1.5 Billion Naira To Purchase Cars For Your Wife Senator Oluremi Tinubu Despite The Fact That First Lady Office Is Not Recognised By Our Constitution

300% Salary Increase For The Judges Which Was Speedily Passed By The Insensitive And Irresponsible Senators

5 Billion Naira Was Budgeted For Presidential Fleet Of Cars For President Bola Ahmad Tinubu

Billions Of Naira Was Budgeted For Your Trips Including The Vice President Kashim Shettima To The Detriment Of The Citizens

Every Senator Is Paid 21 Million Naira Monthly

House Of Representatives Are Earning 13.5 Million Monthly All The Increment Was Done By Your Government

15 Trillion Naira Lagos Calabar Coastal Road Was Awarded Illegally To Your Friend A Lebanese Gilbert Chagoury Who Was Repatriated Back To His Country By The Former President Obasanjo

You Have The Largest Ministers Ever In The History Of Nigeria Where Are You Sourcing Money To Pay Them

You Went Ahead To Create Another Ministry Of Livestock Development

What Happened To Orasanye Report Of Downsizing And Merging Some Of The Agencies , Parastatals And Departments

Where Is The Subsidy Money That Was Removed On Petroleum Product And Electricity?

How Much Was Saved And What Was The Money Used For President Bola Ahmad Tinubu Nigerians Are Demanding To Know?

The Cost Of Governance Has Not Reduced Instead It Has Increased Massively

Fuel Subsidy Removed

Electricity Tariff Hike

Education Beyond The Ordinary Citizens

Health Services Beyond Ordinary Citizens

Foodstuffs Beyond Ordinary Citizens

Insecurity And Killings On The Increased

Collapsed Economy

Unemployment On The Increased

Corruption And Stealing Of Public Funds Legalised

Nepotism Top On Your Agenda

President,Vice President,Governor's Security Votes Remained Intact

All The Allowances Paid To Our Leaders Remained Intact

There Is No Single Support A Citizen Of Nigeria Deserve From Government And The Government Is There For Him Or Her None

Renewed Hopelessness,Destitution And Deception

Mr President Bola Ahmad Tinubu,Governor's,Ministers And Top Government Officials Including The Service Chiefs Heads Of Agencies,Departments And Parastatals Your Lifestyle And Extravagant Spending Of Public Funds Does Not In Anyway Show That President Tinubu Inherited A Dilapidated Nigeria

Leaders Are Getting Richer

Citizens Are Getting Poorer

Look At How President Bola Ahmad Tinubu Has Been Tranformed Physically,Mentally And Financially To The Detriment Of Nigerians

This Trend Must Be Arrested

THIS IS JUST A TIP OF INSENSITIVE LEADERSHIP RECKLESSNESS TO MENTIONED FEW

© Copied.

Re: Tinubu Rules Out Return Of Fuel Subsidy, Says Decision Painful But Necessary by chijokz(m): 1:26pm On Aug 04

MALLEOLUS2017:

Some of you are really funny. A government that is paying back door subsidy running to over time 3 of what Bubu was paying. So who's really benefitting from the scam Pls answer yourself.

Exactly my assertion.
Subsidy payments are still going on especially to an Oando affiliated company from Malta.
Hence, Tinubu is paying himself subsidy via Oando.
A lot of Nigerians don't know this.

1 Like

Re: Tinubu Rules Out Return Of Fuel Subsidy, Says Decision Painful But Necessary by villagereporter(m): 2:17pm On Aug 04

Nvestor02:
[/b]
If Tunibu decides to remove the subsidy, it would make him seem like the most incompetent president ever. But I know how brave Tunibu is, and I believe no amount of criticism will stop him from pushing Nigeria forward. Thanks.

Removing the subsidy is their main demand because the people behind this protest are the ones benefiting from it, and they want it back to drain Nigeria even more.

This decision is the right move to improve Nigeria. We've already seen how he increased the allocation by 41%. I can't understand what these people are thinking when they say Timangu is on the wrong path.

To make Nigeria better, everyone needs to make sacrifices. What you eat is your responsibility than the government's. Let that really sink in.

The objectives of removing FS is defeated the moment you go to Idiroko border, oja Odan, Ilashe and Ifonyintede. There you will see civil defense corps custom officers and immigration at night loading their pick up truck. Removing FS is ill thought.

Re: Tinubu Rules Out Return Of Fuel Subsidy, Says Decision Painful But Necessary by commoditiesnig: 3:01pm On Aug 04

Mynd44:

It wasn't leaked. It is standard to release the speech to the media before the speech happens

Oh okay noted.

Re: Tinubu Rules Out Return Of Fuel Subsidy, Says Decision Painful But Necessary by commoditiesnig: 3:02pm On Aug 04

SmartPolician:
Fuel subsidy cannot return at this time. The way forward is to work on alternatives like CNG. Fuel subsidy was costing this economy so much and oil cartels cashing out with it.

Truly said

Re: Tinubu Rules Out Return Of Fuel Subsidy, Says Decision Painful But Necessary by flyinnizam(m): 3:19pm On Aug 04

Mynd44:

It wasn't leaked. It is standard to release the speech to the media before the speech happens

nothing is standard in Tinubu's regime. he can change anything unchangeable. He is a tyrant.

Re: Tinubu Rules Out Return Of Fuel Subsidy, Says Decision Painful But Necessary by Spandau: 3:40pm On Aug 04

Nairalander248:
Sometimes I wondered, was it the same subsidy removal that you were against in 2012 that you came to remove and made people suffer unnecessarily... BAT is playing with Nigerians

Oga, between 2012 and 2022, things got really, really bad. Especially from 2015 till 2022. So you can't use the same yardstick to measure what we have now.

Re: Tinubu Rules Out Return Of Fuel Subsidy, Says Decision Painful But Necessary by Nyahabingi: 3:50pm On Aug 04

Chinkoalhaji34:
E go pain some people for body, but na wetin we suppose do to move forward.

Peter Obi go just dey sit down dey plan how to continue the wahala wey him start.

No be him sabi anything about governance, na only for mouth him dey shine.

So Peter obi is really your problem..
You stink of foolishness

Re: Tinubu Rules Out Return Of Fuel Subsidy, Says Decision Painful But Necessary by adanny01(m): 3:52pm On Aug 04

membranus:

In spite of your analysis above, you forgot one key thing that actually drove the prices of goods and services haywire, much more than the subsidy removal. This is the removal of the Naira/Dollar exchange dichotomy. Where the double exchange rates of Naira to Dollar was removed to a floating exchange rate. Nigeria being a import dependent economy could not withstand the removal of government prop to our Naira which the importers were hitherto enjoying.

Also the large domestic and international debts left by the Buhari government also contributed to the present terrible state of the economy. And not forgetting the banditry and the insurgency in the northern regions which chased the farmers out of the farms and drove the prices of food item sky high.

No, I did not forget, it is half of the problem. If you check the post I made after this one, you will see I mentioned both. I mentioned the duo, subsidy for petrol and fixed fX. Both of them are subsidies. Yes Buhari had gulped a huge chuck of the Foreign reserve to these 2. But my point is, these 2 are not the main problem.

These 2 are like a bucket used to fetch water. Imagine the bucket having 1000 little holes. What you need is water. These holes releases the water back to the well.

If refineries are working, we mine our crude, send to refineries, they produce all petroleum products locally. What else do we need dollars for? Only to import cars, machinery and things we don't produce. Instead what are we doing, the entire FX we earn goes to buy petrol. Petrol is not the only thing on subsidy. Fertilizer too. How can we farm without fertilizer? The fixed FX rate, we subsidize for those who need it, who needs it? Only the wealthy. Why do you think the black market exist? Because there is an unending demand. They take their stolen Naira to buy the subsidize dollars. Imagine dollar officially at N450 but black market is 750. That means government is paying N300 to keep our economy stable. What do the wealthy do?Round tripping. Take N5billion to CBN, they give the wealthy man 11mill dollars at N450 who takes it back to black market and sells at N8.3billion. That's 3.3 billion of Nigeria's money in one man's pocket in a day. Several other ways these subsidy ends up in a person's pocket.

But you can't throw a baby with the bath water, you do what, keep the baby and throw out the dirty water. You stop the fixed FX subsidy, the FX market gets pushed around like football. That's what is going on now.

The real problem again is not fixing the FX or other subsidies, it is those who use the system to make serious money out of it. You stopped subsidy, the bill of their corruption gets passed down into the final price of petrol or the dollar rate, hence inflation and economic disaster. Penny wise pound foolish. What has the removal achieved nothing.

What's the way forward? Refine our own crude. We automatically kill all those bastards looting us dry. What we earn stays in our pocket. We revive education and health, we stop going out and the dollar bills only come in and not go out. Industrialization and agriculture will automatically set in.

That first kick is what they won't allow, latest news is that NNPC is looking for crude backed loan. Crude they are supposed to give Dangote.

Re: Tinubu Rules Out Return Of Fuel Subsidy, Says Decision Painful But Necessary by Nairalander248: 4:01pm On Aug 04

Spandau:

Oga, between 2012 and 2022, things got really, really bad. Especially from 2015 till 2022. So you can't use the same yardstick to measure what we have now.

You need to sit down and rethink before you Mt me..

Re: Tinubu Rules Out Return Of Fuel Subsidy, Says Decision Painful But Necessary by Spandau: 4:05pm On Aug 04

Nairalander248:

You need to sit down and rethink before you Mt me..

You need to sit down and rethink before you Mt me..

Re: Tinubu Rules Out Return Of Fuel Subsidy, Says Decision Painful But Necessary by eepeepook: 5:08pm On Aug 04

The problem wey pain me for ribs na the change of national anthem. I know the solution to government hardship; employment for majority of family members in a household. Everyone contributes for the betterment of the unit. Adopt that and no government can frustrate you.

Re: Tinubu Rules Out Return Of Fuel Subsidy, Says Decision Painful But Necessary by brainhgeek(m): 5:15pm On Aug 04

If truly subsidy is gone, it is a smart move

Re: Tinubu Rules Out Return Of Fuel Subsidy, Says Decision Painful But Necessary by MrUIA: 5:49pm On Aug 04

Kuginzi:
By Baba Martins

https://dailytrust.com/breaking-tinubu-rules-out-return-of-fuel-subsidy-says-decision-painful-but-necessary/

Re: Tinubu Rules Out Return Of Fuel Subsidy, Says Decision Painful But Necessary by maasoap(m): 5:50pm On Aug 04

adanny01:

The duo of Subsidy and fixed Forex was what kept our economy stable.

I still insist, these 2 were not the problem. If we make more money, than these 2 take, we will still be growing.

The rogue elephant had been the responsibility of government to deal with. What did they do, government just transferred the burden of corruption from is accounts in CBN to the accts of all Nigerians. Do you understand?

We need petrol, it's either government pay part we pay part or we pay all. Govt chose we pay all. How does it affect the corruption. As long as the money is paid, corruption continues.

What he ought to have done is to remove subsidy when dollar is not involved. When is that, when we extract our oil, refine it and make available at pumps, all locally. That was the way and it's still the only way.

Why do you think they don't want Dangote refinery to work. They want to continue to deal petrol in dollars. In dollars means that what we earn should be spent on petrol.

As long as we pay dollar for diesel, petrol, gas, fertilizer, lubricants and all other petroleum products there will be no positive effect of any economic policy.

Subsidy should have ended naturally with local production.

The entire money Tinubu thinks he saved is wasted through inflation. He has to pay more salaries now, all contracts have gone up. It's the same saying, "penny-wise pound foolish".

We told the people who listened that the problem which is corruption is still there. Remove everything, every subsidy, if you don't fight corruption, we will be getting the same results

Re: Tinubu Rules Out Return Of Fuel Subsidy, Says Decision Painful But Necessary by Iamanoited: 7:13pm On Aug 04

NO. YOU CAN'T RETURN FUEL SUBSIDY. THAT WILL BE ABDICATION OF PRESIDENTIAL POWER TO THE PROTESTERS.
LIKE RICE GIFTS, WORK THROUGH DANGOTE TO REGULATE FUEL AT N500 PER LITER, KEROSENE AT N500 PER GALLON AND DIESEL AT N600 PER LITER.

ORISA37
ALSO TAG NAIRA AT N500 : $1.

Re: Tinubu Rules Out Return Of Fuel Subsidy, Says Decision Painful But Necessary by biggie73(m): 7:30pm On Aug 04

This guy needs Shagari treatment.

Re: Tinubu Rules Out Return Of Fuel Subsidy, Says Decision Painful But Necessary by MasterTeeUSA: 12:50am On Aug 05

Crude is sold in dollars...and PMS is received in dollars...like a swap with more crude for PMS. I am sure you hear landing cost and all...then NNPC begs the sale to N560 or so and marketers, the greedy ones sell for N800, N900 plus

DMerciful:
How do you mean we pay in $? Do you buy petrol from fuel station in $? Are you saying NNPC is buying petrol $1/liter and selling to Nigerians at N650/liter. Who pays the difference of N950?

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