subsidy did not leave. the name was changed and no one talks about it

R

nairalanda1:
The fact of the matter is, we got here because we had the wrong idea about fuel ....we thought we could make it cheap to 'help the poor'

It's helped the poor....at the expense of our domestic refining capacity.

Like I say, if you want working refineries and an end to scarcity, let the refineries and the marketers sell fuel at a profit....so that there would be enough money to plow back into the refining capacity.

Abusing me and calling me names does not change that fact. We have tried subsidy for over 4 decades. It's not working.

And fixing the refineries is not going to solve the problem. The best the refineries can do is produce fuel at a cost above N1000 per liter. Subsides would force them to operate at a loss.

But most of us think that cheap fuel costs nothing.

Please read your argument again but this time slowly

The 'fuel subsidy is gone' announcement turns out to be his karma

Unfortunately, the karma came too early because it started right from his day one in office

Since then, things have fallen apart

And things are no longer at ease!

nairalanda1:
The fact of the matter is, we got here because we had the wrong idea about fuel ....we thought we could make it cheap to 'help the poor'

It's helped the poor....at the expense of our domestic refining capacity.

Like I say, if you want working refineries and an end to scarcity, let the refineries and the marketers sell fuel at a profit....so that there would be enough money to plow back into the refining capacity.

Abusing me and calling me names does not change that fact. We have tried subsidy for over 4 decades. It's not working.

And fixing the refineries is not going to solve the problem. The best the refineries can do is produce fuel at a cost above N1000 per liter. Subsides would force them to operate at a loss.

But most of us think that cheap fuel costs nothing.

the problem is not 'making fuel cheap for the poor'. The real problem is the massive corruption that has long been embedded in making 'fuel cheap for the poor'. Nigeria isn't the only country in the world who is paying petrol subsidies.

nairalanda1:
The fact of the matter is, we got here because we had the wrong idea about fuel ....we thought we could make it cheap to 'help the poor'

It's helped the poor....at the expense of our domestic refining capacity.

Like I say, if you want working refineries and an end to scarcity, let the refineries and the marketers sell fuel at a profit....so that there would be enough money to plow back into the refining capacity.

Abusing me and calling me names does not change that fact. We have tried subsidy for over 4 decades. It's not working.

And fixing the refineries is not going to solve the problem. The best the refineries can do is produce fuel at a cost above N1000 per liter. Subsides would force them to operate at a loss.

But most of us think that cheap fuel costs nothing.

Useless man, na your type full Tinubu economy team and advicing him wrongly

I don't see APC winning any election in any state. Quote me anytime and any day. So if you have ambition don't go under APC.

Balistic4:
Show me a thoughtless leader and I will show you country in disarray. Anytime Obi finishes his speech, news outlets must run a fact check.

When tinubu shouted "subsidy is gone!!!" The first time a microphone was handed to him as the president, I knew the suffering will be long. Dude didn't even check the current situation of things, he didn't consult any stake holder, didn't do any projection, just waaaaaa!

The good and bad news is that we are all here to feel the heat together. If tinubu didn't win, many unfortunate souls will be shouting that nigeria has missed a lifetime opportunity.

I think it is good that we are here now, so that everyone will understand that election has consequences, come on, it is a decision process, and you are where you are today due to decision you made yesterday.

100% agreement on your views and the writeup of Dr Reuben abati

I told you guys long before now that if they remove fuel subsidy for whatever reason, you guys will just suffer for nothing, Now the prices of things have gone extremely high and still going high.


You guys just suffer for nothing!!!

That BAT is worse than bubu is no longer in doubt.

Tinubu is heartless

muhammadmuqtada:
Against all odds We must muster courage and political will for Those 3 moribund refineries+1 new to work and in full capacity.The future of this Nation economy is dependent on them.

who will muster?are you the minister of petroleum?or maybe the refineries director,it seems you are still living in an utopian world if you think Nigeria could have functional refineries and a new one,you don't even know the depths of corruption in this country,those refineries are been sabotaged by the same people that owe and charged to repair it,the NNPC,now tell me how it will work,this people are making so much money from importation of this things that they see local production as a threat,dangote is another example

nairalanda1:
The fact of the matter is, we got here because we had the wrong idea about fuel ....we thought we could make it cheap to 'help the poor'

It's helped the poor....at the expense of our domestic refining capacity.

Like I say, if you want working refineries and an end to scarcity, let the refineries and the marketers sell fuel at a profit....so that there would be enough money to plow back into the refining capacity.

Abusing me and calling me names does not change that fact. We have tried subsidy for over 4 decades. It's not working.

And fixing the refineries is not going to solve the problem. The best the refineries can do is produce fuel at a cost above N1000 per liter. Subsides would force them to operate at a loss.

But most of us think that cheap fuel costs nothing.

You keep refusing to acknowledge that before subsidy should go, there needs to be a sanitisation of the entire process.

If your argument over the years is to be followed, we would soon be buying PMS at N5k per litre with scarcity and you would still be advocating for more increases.

When PMS was N89, you said it should be N140. When it got to N150, you said it should be N180. Even when it got to N200+, you said it should be like N300. Now it is N1k, you are still advocating for increases under the guise of profit making.

Can't you see that price increases do not solve the problem?

Tinubu is the worst thing to happen to nigeria.

olaniyilukman:
Useless man, na your type full Tinubu economy team and advicing him wrongly

That is it.

People who just toe a particular line because it is the easy route.

They do not want to put in the real work to sanitise the system first, then see if subsidy really has to go or not.

Everyday we hear pms cabals, but till today, no one has been arrested by apc as a subsidy cabal.

The black man has no mental capacity to handle public resources. Black Africa must be recolonized.

Typicool8:
Chaii, how has the mighty fallen!!.

Tinubu was never mighty; he was always a charlatan and a thief. It was people like you that elevated a nobody into a mighty. You made Tinubu to become a Nigerian problem.

sulaak:


Tinubu was never mighty; he was always a charlatan and a thief. It was people like you that elevated a nobody into a mighty. You made Tinubu to become a Nigerian problem.

This isn't about tinubu, it's about the country meanwhile, check my posts, I never supported him from day 1.

Blazetrailer:
I wrote on this same Nairaland that Buhari whom everyone regarded as "uneducated" cow man was far more intelligent and a far better President than the "certificate forging fake accountant cum strategist", by being smart enougj to avoid the subsidy trap but set the subsidy trap and naira devaluation traps for Tinubu. A lot of Tinubus gullible crowd and BzoTs here attacked me endlessly.

The subsidy was a simple trap and he fell for it. Something a secondary school studnet with half a brain could have detexted from 100 miles. The foolish idiot swallowed it.

Buhari is part of the problem. His excessive borrowing and ways and men meant that the country had no funds to continue borrowing to fund fuel subsidies. Buhari left Nigeria with a total public debt of $110 billion on an income of less than $36 billion. Under Buhari and Mele Kyari, Nigeria's oil production fell under 1 million daily.

Tinubu and Buari are both hopeless and incompetent.


https://nigerianstat.gov.ng/elibrary/read/1241381

Typicool8:




This isn't about tinubu, it's about the country meanwhile, check my posts, I never supported him from day 1.

Nigeria was never mighty, generating less than 5000MW for 220 million people. The country has always been an illusion. As individuals, we can be great, but Nigeria has been hopeless as a nation. Mighty countries are known for producing stuff; Nigeria cannot even feed its people.

UpTown001:


Can you Kindly read what you wrote again?
Joker!

He told you the truth, why do you want it read out to you again?

Removing the petrol subsidy and the full deregulation of the price is the way to go.

ivandragon:


You keep refusing to acknowledge that before subsidy should go, there needs to be a sanitisation of the entire process.

If your argument over the years is to be followed, we would soon be buying PMS at N5k per litre with scarcity and you would still be advocating for more increases.

When PMS was N89, you said it should be N140. When it got to N150, you said it should be N180. Even when it got to N200+, you said it should be like N300. Now it is N1k, you are still advocating for increases under the guise of profit making.

Can't you see that price increases do not solve the problem?

There are always problems when things are sold below what it costs to produce them

Also, was the telephony system sanitized before GSM was brought in?

olaniyilukman:
Useless man, na your type full Tinubu economy team and advicing him wrongly

I guess back in 2012, when I got convinced about subsidy removal, I daresay you would have called me a GEJ slave then....

symbianDON:
the problem is not 'making fuel cheap for the poor'. The real problem is the massive corruption that has long been embedded in making 'fuel cheap for the poor'. Nigeria isn't the only country in the world who is paying petrol subsidies.

1. Most countries with the same type of subsidy as Nigeria either have massive corruption issues or massive debt or massive loss of domestic refining capacity. Or they give free welfare grants to poor people...means tested poor people.

2. Sensible subsdies would be government giving a refinery money in the form of grants...not forcing a refinery to sell what costs N1000 or more to make below N700...and paying a subsidy that cant' cover the loss over time.

vexing:

Please read your argument again but this time slowly

I can't help people who don't want to see, see.

UpTown001:


Can you Kindly read what you wrote again?
Joker!

Would you bake bread at N1000 a loaf, and then sell it at N100 a loaf to help the poor?

Joker!

phorget:



Is subsidy really gone or are we still paying subsidy?🤷‍♂️

TInubu now calls it 'shortfall' . Essentially NNPC Is forced to use some of its profit to pay for subsides and government reimburses them,...lol.

sulaak:


Nigeria was never mighty, generating less than 5000MW for 220 million people. The country has always been an illusion. As individuals, we can be great, but Nigeria has been hopeless as a nation. Mighty countries are known for producing stuff; Nigeria cannot even feed its people.

And we generate that amount because for decades we have refused to accept the reality that getting electricity 24/7 requires people paying a cost reflective tarrif, and every one of the customers paying for power...which enables the power sector to generate profits to reinvest in expanding and improving power supply.

I mean, we complain about bad light, and then turn around and hail the guys that chase NEPA officals who come to disconnect them for owing money.

Meanwhile we have a working internet and telephony system because we ended up paying cost reflective tarrifs....meanwhile NITEL that continued on subsidy crashed....and is now a shadow of itself.