[hotwax ]

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.

[presidential plane and Yarch are lies]

DeepSight:


Joker. If only three per cent of your income is available how do you have a 27 Trillion budget - and just a weeks ago, asked for a supplementary budget of N6+ trillion! What for? Now where do you get that supplementary money from? Guess what? They suddenly got creative - the made a provision to specially tax forex recipts of banks overnight!

Now that is JUST one thing they suddenly did in the last few weeks AFTER over a year of crying that there is no money for subsidy.

JUST ONE THING - JUST ONE METHOD.

You are the ignorant one if you dont know the massive means and options available to a sovereign government with polotical will.

You asked for one option, I have give you, but I could list ten.

You dont know jack, you dont have the capacity to think for yourself, you just eat up whatver govt says.

see yourself?

You claim to be an educated person? what differentiates you from the children in Kano carrying Russian flags?

THis matter is simple....answer like an educated person. this is not a question that is one of opinion, this is a question of arithmetic

Tell me in figures what is government's revenue after debt service?
what is the subsidy component of petrol
where does that money come from?

i dont need your opinion, i need figures...figures do not lie

if you cannot answer then get the F out of my mentions


eeeeediot! educated ignoramus, educated m0r0n

Chinkoalhaji34:
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.

APC is solving the problem left by APC

trutharena:
Obasanjo is just trying to stir the pot. Nigerians are moving forward with President TINUBU’s vision for a better economy!

thunder fire nnah together

Chinkoalhaji34:
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.

Just read what you wrote, look back at the country and see how idiotic you sound.

Tinibu came to national TV to lie that subsidy is gone, hence people need to endure the pains of removing subsidy. Whereas the lying idiot is paying more now in subsidy, yet fuel price is way more than it was previously with subsidy.
Ask yourself, what are those things/policies of Tinibu that you want people to wait to see result?
Tinibu is just a mumu criminal who lies so much yet does nothing other than make life more hard for people.
I tell you this, the bad that you support today will turn against you tomorrow.
Let's call a spade a spade, less than. 1 year, Tinibu has destroyed the country more than the useless buharis calamiteouous 8 years and you say Tinibu will achieve anything good.

Eriokanmi:
In as much as I was never in support of subsidy payment, I faulted the policy on one important ground... whenever a surgeon wants to operate on a patient, he invites an anaesthetist who applies an anaesthetic agent to relieve the patient of the pain. The drug would have been available before the operations starts, not during or after the operation else, the patient will feel discomforts and may eventually be traumatised and die in the process due to an unbearable pain.

In Angola, subsidy was removed but gradually, are you awsre? They also have crude like Nigeria. Before this was done, just like what Jonathan did in his term, enough palliatives had been put in place. That's why Angola isn't crying today as Nigeria over hardship. Energy is every nation's livewire. It affects every sector and the masses always bear the consequences cos politicians don't care. They spend public funds.

When Jonathan was going to remove subsidy, he had already provided palliatives. I remember the Sure-P programme and twhat it had achieved. I remember those buses he reeled out and other incentives, including drugs and equipment in hospitals to alleviate the sufferings the removal could bring.

Tinubu came on board and said, subsidy is gone! But without any palliatives in place. That's why Nigerians are crying today. It's like sending your child to school and say have a nice day my son, without giving him breakfast and lunch pack, and you expect him to concentrate in his studies?. Tinubu placed the cart before the horse and that alone was disappointing as someone who claimed to be prepared for the job. Here in lagos, you can unleash some propaganda and get away with it, not at the national or federal level. You'd be caught in no time cos everyone can't be on your side always. We are a vast nation with nearly 400 ethnicities.

Removing subsidy without the palliatives in place was like unleashing suffering on the masses deliberately. It's not done anywhere. Since he knew buhari didn't make any provision for subsidy payment in the 2024 budget, why not prepare a supplementary budget on palliatives and seek express approval so the masses wouldn't feel the effect of subsidy removal? It's been over one year in office yet, no palliatives in place. Instead all we hear is purchase of presidential yacht and new jets whrn he can repair all the fkeets we had for less. The masses will get sense someday.

Nigerians are really patient.

Well said!

Let me add that I am sure casualobserver doesnt even know that provision was made in the 2023 budget for subsidy up till the end of June but he yanked it in one hour. No one has asked what happened to that!

And when we say "there was no money for subsidy" does he want us us to start listing the lavish excesses Tinubu immediatley went on? Is it N160 Million SUV per NASS member we should start from, or circa N200 Million palliative per NASS member? Is it the 1.5 Billion for his wife's cars (completely illegal) or the 20 Billion new VP residence or the proposed new presidential jets? To mention but a few?

Chinkoalhaji34:
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.

I swr u b fool 🙄

casualobserver:


see yourself?

You claim to be an educated person? what differentiates you from the children in Kano carrying Russian flags?

THis matter is simple....answer like an educated person. this is not a question that is one of opinion, this is a question of arithmetic

Tell me in figures what is government's revenue after debt service?
what is the subsidy component of petrol
where does that money come from?

i dont need your opinion, i need figures...figures do not lie

if you cannot answer then get the F out of my mentions


eeeeediot! educated ignoramus, educated m0r0n

You are just screaming childish insults for nothing. If it missed you i said in the last few weeks a new budget, maybe you dont know what a supplementary budget is, was created of N6 Trillion. And it has been miraculously financed. Now that is an exact figure plus an exact source and you are yapping.

I dont have your time. You are probably a teenager.

And PS: That new budget was not for any debt servicing, olodo.

Chinkoalhaji34:
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.

It seems you didn't comprehend what obj said ...you don't just wake up and say su side is gone ...u ought to put measures in place before announcing subsidy is gone . You most have a country b4 you call yourself a leader . A hungry man is an angry man . Tinubu was ill adviced on the issue of this subsidy .

tungamaje:
First and second commenters are same person

You sabi dem


.
APC bots

Chinkoalhaji34:
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.

Are you a paid supporter?

Chinkoalhaji34:
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.

Nairaland really needs a block feature so we don't have to see comments nobody reads

Chinkoalhaji34:
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.

Tinubu is reaping what he showed, he was among the people that fought Jonathan when he removed subsidy so he should face the music

trutharena:
Obasanjo is just trying to stir the pot. Nigerians are moving forward with President TINUBU’s vision for a better economy!

are you not ashamed?

Chinkoalhaji34:
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.

What is he navigating with his rudderless leadership?

With a little knowledge of O level Economics, you will understand what OBJ is saying. I can now see that most of you that support these goddam fiscal and monetary policies are dullards.
OBJ has been there, he understands what He's saying!!!!

Chinkoalhaji34:
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.

The only solution to this subsidy issue is for our refineries to work, anything outside that is not sincere, Tinubu should insist the refineries get back on stream, if not this would consume his government, the hardship is too.

honeyB2018:



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.

Exactly !! Without seeing the books and understanding the market factors. He decreed on day 1 . One would have eased into the removal . Partially first before full removal .

Trendtips:
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

Again and again people bring up this "gradual" nonsense. Isn't that exactly what has people out on the streets right now? Isn't a gigantic level of subsidy still in place at this very moment, guzzling 25% of FG revenues every single day? All "gradualism" does is stretch out the pain, providing grounds for malcontents to endlessly scream and wail, without even the compensation of freeing up meaningful government revenue for other purposes. It is the worst of both worlds, as we can see with all the on-going discontent.

The ONLY way to truly remove subsidies is to do so once and for all, which means not just ceasing to pay them to oil marketers, but completely deregulating the petroleum market, so that anyone who can buy the necessary forex at market rates can buy refined petrol from any source and then sell it on the domestic market. This is also the ONLY solution which will ever make domestic refining a viable commercial prospect.

Nigerians need to get over the delusion that there is some magical, painless way to reform an economy that has been stagnating for the last 12 years, even as once poorer countries have been enjoying 10% annual growth. This obsession with short-term benefits is why Nigeria is still a destitute nation, even though South Korea which was poorer in the 1960s is now a fully developed country with GDP per capita on the level of the UK and France.

Racoon:
Balabloo-blu-bulava heroin-infested brain druggie can only continue to deceive himself and his mummified zombies.

Emeka the online warlord 😂

DeepSight:


You are just screaming childish insults for nothing. If it missed you i said in the last few weeks a new budget, maybe you dont know what a supplementary budget is, was created of N6 Trillion. And it has been miraculously financed. Now that is an exact figure plus an exact source and you are yapping.

I dont have your time. You are probably a teenager.

And PS: That new budget was not for any debt servicing, olodo.

you are a foooool do you not know that it is because the Naira was floated that there is additional Naira for a supplementary budget? how ignorant are you people? The reason why our debt to revenue has gone down from 97% on May 29 to 64% today is precisely because we floated the naira and because we got more naira for every dollar we had more money to retire our debts.


I said answer in figures where the money is coming from without floating the naira you are fumbling granting with emotional posts give me figures. I want figures not your opinion.......you cant because it doesnt add up.

is it that hard for you to say subsidy wils cost as an example $4b and we will get $4b from here? you cant because you are ignorant and you dont understand what you are talking about.

if your salary is 20m a year and you have outstanding loan payments of N18m a year yetyou say you want to buy a car of N100m or even N50m wont you be able to say this is where the money for the car will come from? or you just wish a car and it appears? eeeeediot!!

honeyB2018:



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.

Obj didn't understand future otherwise he would have removed the subsidy as a civilian president that enjoys oil boom.

What he said is that the subsidy is back via inflation but who is paying it is what he has not mentioned since fuel subsidy was not appropriated for.

Oghene86:


The only solution to this subsidy issue is for our refineries to work, anything outside that is not sincere, Tinubu should insist the refineries get back on stream, if not this would consume his government, the hardship is too.

And how are the refineries supposed to "work", when the price of their output is lower than the cost of their inputs? With what funds are they to be repaired, and then maintained? Where is the money to cover their losses supposed to come from? Is it with the very same FG revenue that's being guzzled by the oil subsidies you want kept in place?

It's funny how those who lack an understanding of basic financial concepts of profit and loss are the quickest to offer their imagined insights into economic problems ...

DeepSight:


Well said!

Let me add that I am sure casualobserver doesnt even know that provision was made in the 2023 budget for subsidy up till the end of June but he yanked it in one hour. No one has asked what happened to that!

And when we say "there was no money for subsidy" does he want us us to start listing the lavish excesses Tinubu immediatley went on? Is it N160 Million SUV per NASS member we should start from, or circa N200 Million palliative per NASS member? Is it the 1.5 Billion for his wife's cars (completely illegal) or the 20 Billion new VP residence or the proposed new presidential jets? To mention but a few?

you continue to display how simpleminded and ignorant you are. That subsidy was in the budget does not mean there was money to fund the budget. The subsidy for the previous months was borrowed that was why our debt to revenue ratio was 97% as at may 29. i read somewhere NNPC was actually owing foreign suppliers of fuel $6m for fuel they had supplied but we had not paid for. NNPC still owes foreign suppliers for fuel that had been supplied and consumed. Watch Atiku Bagudu's inteview, NNPC has not remmited money to the federation account in a long time because the money that is coming in is encumbered. Secondly a budget is simply a projection, it does not mean you have the money.

casualobserver:



you are a foooool do you not know that it is because the Naira was floated that there is additional Naira for a supplementary budget? how ignorant are you people? The reason why our debt to revenue has gone down from 97% on May 29 to 64% today is precisely because we floated the naira and because we got more naira for every dollar we had more money to retire our debts.


I said answer in figures where the money is coming from without floating the naira you are funbling give me figures. you cant because it doesnt add up.

is it that hard for you to say subsidy wils cost as an example $4b and we will get $4b from here? you cant because you are ignorant and you dont understand what you are talking about.

if your salary is 20m a year and you have outstanding loan payments of N18m a year yetyou say you want to buy a car of N100m or even N50m wont you be able to say this is where the money for the car will come from? or you just wish a car and it appears? eeeeediot!!

If you cant tell me that the extra money raised for a supplementary budget is also for debt servicing - which we know it is not (rather you wish to change the subject) then you have no point I have to say good night. Because you dont even know what a supplementary budget is and how it ties into your own argument. If you did, the first thing you would look at is what it is paying for. And once its not debt servicing, you have defeated yourself.

Look writing insults in prolonged letters is your busines. I dont have that much for kids. Good nught.

casualobserver:


you continue to display how simpleminded and ignorant you are. That subsidy was in the budget does not mean there was money to fund the budget. The subsidy for the previous months was borrowed that was why our debt to revenue ratio was 97% as at may 29. i read somewhere NNPC was actually owing foreign suppliers of fuel $6m for fuel they had supplied but we had not paid for. Secondly a budget is simply a projection, it does not mean you have the money.

Evidently we had sufficient for one month's worth as proven by the presidents excesses alone.
Good night. Really.

DeepSight:


If you cant tell me that the extra money raised for a supplementary budget is also for debt servicing - which we know it is not (rather you wish to change the subject) then you have no point I have to say good night. Because you dont even know what a supplementary budget is and how it ties into your own argument. If you did, the first thing you would look at is what it is paying for. And once its not debt servicing, you have defeated yourself.

Look writing insults in prolonged letters is your busines. I dont have that much for kids. Good nught.

I am not the one changing topics here, you asked me about IMF, I agreed. I asked you to give me the figures. Actual figures that back your assertion that there is mnoney to pay subsidies without floating the naira and all you have been doing is to show your parents should have used a condom and when they did give birth to you they should not have wasted their money or the governments resources saying they are sending you to school.
ignoramus talking about supplementary budget in an effort to sound enlightened to his ignorant audioence not realising he is arguing against himself. The only reason govt had money for a supplementary budget is 1) because they removed subsidies and he floated the Naira both actions resulting in more naira for the govt....the exact things you say they should not have done!!!
good night!!

Islie:
Fuel Subsidy Is Back – Obasanjo Faults President Tinubu’s Claim On Removal Of Fuel Subsidy



https://saharareporters.com/2024/08/06/fuel-subsidy-back-obasanjo-faults-president-tinubus-claim-removal-fuel-subsidy

Enu dun rofo... Baba spent 8 years as Nigeria President , yet no working refinery.

Maze of challenging ko..............Maze of Sango niii............Even the dumbest man on planet earth will plan for worse before making any pronouncement.........

Beremx:

Subsidy is back and fuel price is still high? I no understand