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Nairaland Forum / Nairaland / General / Politics / Fuel Subsidy Is Back – Obasanjo Faults President Tinubu’s Claim On Removal (32401 Views)
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Fuel Subsidy Is Back – Obasanjo Faults President Tinubu’s Claim On Removal by Islie: 1:48pm On Aug 06 |
Fuel Subsidy Is Back – Obasanjo Faults President Tinubu’s Claim On Removal Of Fuel Subsidy Former President, Olusegun Obasanjo, has disclosed that the fuel subsidy, which was abolished by the President Bola Tinubu-led Nigerian government in 2023, has been reinstated due to soaring inflation. https://saharareporters.com/2024/08/06/fuel-subsidy-back-obasanjo-faults-president-tinubus-claim-removal-fuel-subsidy 18 Likes 2 Shares
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Re: Fuel Subsidy Is Back – Obasanjo Faults President Tinubu’s Claim On Removal by Chinkoalhaji34: 1:55pm On Aug 06 |
Why are we always quick to point fingers? Obasanjo should remember that the issues with fuel subsidy didn't start today. Tinubu is trying to navigate through a maze of challenges left behind by previous administrations. Instead of casting blame, let’s support the efforts to find a sustainable solution. We need to look at the bigger picture and give room for progress, no matter how slow it may seem. What’s important is that we keep pushing for better policies and hold the government accountable, not just criticize from the sidelines. 129 Likes 19 Shares |
Re: Fuel Subsidy Is Back – Obasanjo Faults President Tinubu’s Claim On Removal by trutharena: 1:55pm On Aug 06 |
Obasanjo is just trying to stir the pot. Nigerians are moving forward with President TINUBU’s vision for a better economy! 110 Likes 11 Shares |
Re: Fuel Subsidy Is Back – Obasanjo Faults President Tinubu’s Claim On Removal by Cindypresh(f): 1:56pm On Aug 06 |
Bots 42 Likes 3 Shares |
Re: Fuel Subsidy Is Back – Obasanjo Faults President Tinubu’s Claim On Removal by Beremx(f): 1:58pm On Aug 06 |
Chinkoalhaji34: 180 Likes 20 Shares
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Re: Fuel Subsidy Is Back – Obasanjo Faults President Tinubu’s Claim On Removal by EyeCumInPiece: 2:01pm On Aug 06 |
1 Like |
Re: Fuel Subsidy Is Back – Obasanjo Faults President Tinubu’s Claim On Removal by hisgrace090: 2:04pm On Aug 06 |
Tinubu 5, Nigeria 0. 9 Likes |
Re: Fuel Subsidy Is Back – Obasanjo Faults President Tinubu’s Claim On Removal by Jostoman: 2:09pm On Aug 06 |
trutharena:moving? ![]() 77 Likes 2 Shares |
Re: Fuel Subsidy Is Back – Obasanjo Faults President Tinubu’s Claim On Removal by tungamaje: 2:12pm On Aug 06 |
First and second commenters are same person 204 Likes 13 Shares |
Re: Fuel Subsidy Is Back – Obasanjo Faults President Tinubu’s Claim On Removal by Skillsnigeria: 2:13pm On Aug 06 |
Hmmm |
Re: Fuel Subsidy Is Back – Obasanjo Faults President Tinubu’s Claim On Removal by OkCornel(m): 2:19pm On Aug 06 |
As long as crude oil prices are volatile and fuel price at the pumps are stable, subsidy is involved. Subsidy is the element that keeps the price stable until the government decides to revisit the price. In summary, there is still subsidy. It would be much better for the government to subsidise the cost of crude supplied to local refineries than this current nonsense subsidy model that only enriches the racketeers in the oil sector. 24 Likes 2 Shares |
Re: Fuel Subsidy Is Back – Obasanjo Faults President Tinubu’s Claim On Removal by sIfioksq: 2:23pm On Aug 06 |
Obasanjo should focus on his own legacy instead of critiquing Tinubu. The man is trying to make tough decisions for the country. Let's give him the chance to steer the ship without all these distractions. 13 Likes 5 Shares |
Re: Fuel Subsidy Is Back – Obasanjo Faults President Tinubu’s Claim On Removal by Racoon(m): 2:24pm On Aug 06 |
Balabloo-blu-bulava heroin-infested brain druggie can only continue to deceive himself and his mummified zombies. 25 Likes 2 Shares |
Re: Fuel Subsidy Is Back – Obasanjo Faults President Tinubu’s Claim On Removal by Thrasher2024: 2:27pm On Aug 06 |
Well I guess what Tinubu meant in his broadcast is that he can't afford to pay more than what he's paying as Subsidy now. Because the landing cost of petrol per liter is more than 1k due to inflation and dollar exchange NNPC is selling 585/litre so who's paying the remainder of almost 500 naira of course not the marketers 18 Likes 1 Share |
Re: Fuel Subsidy Is Back – Obasanjo Faults President Tinubu’s Claim On Removal by honeyB2018: 2:40pm On Aug 06 |
Chinkoalhaji34: Please, stop defending the indefensible. It doesn't make any sense at all. Did you understand what Obj said? He was a 2Term civilian president and once a military head of state. So he knows what you don't know. Tinubu is the cause of the hardship we are facing now, by his thoughtless decision and statement on fuel subsidy removal, when he hasn't even sat on the chair even for a minute. Obj, is saying, the haste to remove, caused inflation that has brought it back again. Can't you understand that the fuel subsidy is back again, despite Tinubu's denial that it has been removed and can't be restored again. Obj knows what he is saying please. 81 Likes 11 Shares |
Re: Fuel Subsidy Is Back – Obasanjo Faults President Tinubu’s Claim On Removal by hotwax: 2:58pm On Aug 06 |
sIfioksq: very tough one, especially as we have bought presidential plane, yarch, 29billion vp house, 800billion senators allowance... very tough decisions... its the masses that must be squeezed. Tough one eheeee...lets support and pray for him. 23 Likes 1 Share |
Re: Fuel Subsidy Is Back – Obasanjo Faults President Tinubu’s Claim On Removal by Philipponzaghi: 3:04pm On Aug 06 |
Obasanjo needs to understand that progress comes with challenges. Tinubu's decision to remove the subsidy was a bold step towards long-term economic growth. We can't keep holding onto short-term fixes that stifle our potential. Change is hard, but necessary for a brighter Nigeria. Let’s support our president as he navigates these tough waters. 84 Likes 3 Shares |
Re: Fuel Subsidy Is Back – Obasanjo Faults President Tinubu’s Claim On Removal by BlackfireX: 5:06pm On Aug 06 |
This igbo man always trying to claim superman Allow Tinubu our own yoruba man to rule in peace ![]() Tinubu 2027 to 2031 2 Likes |
Re: Fuel Subsidy Is Back – Obasanjo Faults President Tinubu’s Claim On Removal by SensualMan1(m): 5:19pm On Aug 06 |
Subsidy issssgone!!! ![]() God continue to bless u Mazi Mathew Aremu Chukwuebuka Okikiola Obasanjo nwa afor amuru N'alaaa Igbo! 3 Likes
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Re: Fuel Subsidy Is Back – Obasanjo Faults President Tinubu’s Claim On Removal by Bman2018: 5:19pm On Aug 06 |
Re: Fuel Subsidy Is Back – Obasanjo Faults President Tinubu’s Claim On Removal by atobs4real(m): 5:19pm On Aug 06 |
Thank you for lecturing again. Using his own policy to damage the economy 3 Likes |
Re: Fuel Subsidy Is Back – Obasanjo Faults President Tinubu’s Claim On Removal by Alexis11: 5:19pm On Aug 06 |
That is even the reason why we can't afford to bring back subsidy. 😆 |
Re: Fuel Subsidy Is Back – Obasanjo Faults President Tinubu’s Claim On Removal by NSK4U(m): 5:19pm On Aug 06 |
Ok |
Re: Fuel Subsidy Is Back – Obasanjo Faults President Tinubu’s Claim On Removal by Kelklein(m): 5:20pm On Aug 06 |
Even a toddler knows this... but this is a government that likes to lie itself. Whatever gains Tinubu intended to achieve with 'subsidy is gone' have been eroded by the floating of the Naira that followed immediately.. To subsidize simply means to give some relief to the citizens so they can be able to afford.. the floating of the naira took costs beyond the reach of the common man. Inflation crept in.. and nobody has rested ever since. Month after month up till now, the economic indices look gloomy. A bad downhill trajectory. Every month since January this year, they have been telling those who care to listen that they have turned the corner, on the way to recovery. They haven't. The situations in Nigeiran housholds tell a different story. Those who should act fast have wilfully blinded themselves to the reality. I wrote in one of my piece an African adage: "you can't wake a man who pretends to be asleep". The government should come down from its high horse, humbly apologise to Nigerians as this was a policy error by the way it was handled, reinstate the subsidy officially, tackle the corruption therein that allows a few people to corner the money, fix the Foreign exchange mess, and peg fuel at not more than N250/L.. and watch inflation crash to 10 - 15%.. But if they chose the stubborn path of leaving the people to get used to the hardships without providing any concrete relief for the masses, posterity would judge them accordingly. A word is enough for the wise. 15 Likes 1 Share |
Re: Fuel Subsidy Is Back – Obasanjo Faults President Tinubu’s Claim On Removal by Renceedd: 5:20pm On Aug 06 |
Jh |
Re: Fuel Subsidy Is Back – Obasanjo Faults President Tinubu’s Claim On Removal by jaxxy(m): 5:20pm On Aug 06 |
I said the maths is not mathing. 2 Likes |
Re: Fuel Subsidy Is Back – Obasanjo Faults President Tinubu’s Claim On Removal by Trendtips: 5:20pm On Aug 06 |
I'm skeptical about the return of fuel subsidies. In my opinion, it's best to remove them entirely. However, the government should have implemented a gradual phase-out plan, combining structural development with social welfare measures. This approach would have mitigated the harsh impact on citizens. Unfortunately, the abrupt removal has left people feeling helpless, affecting both the vulnerable and the resilient alike 1 Like |
Re: Fuel Subsidy Is Back – Obasanjo Faults President Tinubu’s Claim On Removal by okomile(f): 5:20pm On Aug 06 |
We dey look Make food dey sha 1 Like |
Re: Fuel Subsidy Is Back – Obasanjo Faults President Tinubu’s Claim On Removal by THilfiger(m): 5:20pm On Aug 06 |
Gbe fu. |
Re: Fuel Subsidy Is Back – Obasanjo Faults President Tinubu’s Claim On Removal by Funkyswagzz(m): 5:21pm On Aug 06 |
Agbado miscreant just like Chinkoalhaji34 who is quick to blame Peter obi for instigating protest is asking why others are quick to blame. You people will burn this country down one day. 7 Likes |
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