Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,199,544 members, 7,972,070 topics. Date: Thursday, 10 October 2024 at 10:19 PM

Petrol Price Hike Will Worsen Inflation - Punch Editorial - Politics (5) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Petrol Price Hike Will Worsen Inflation - Punch Editorial (7241 Views)

Electricity Tariff Hike Will Further Impoverish Nigerians - Northern Elders / Crowdfunding Ransom Will Worsen Kidnapping, Badaru, Defence Minister Warns / Vat Hike Will Impoverish Nigerians - Take It Back Movement (2) (3) (4)

(1) (2) (3) (4) (5) (6) (7) (Reply) (Go Down)

Re: Petrol Price Hike Will Worsen Inflation - Punch Editorial by nairalanda1(m): 11:05am On Sep 07
SilasGreenback:


You are a low life who works for the government, its as simple as that. You cannot even admit the existence of corruption in your bid to argue subsidy removal.

Okay, okay, Maria dos Santos, Katarina de Munster is not as beautiful as you are. Infact you are worth a hundred thousand Katarina de Munsters...
Re: Petrol Price Hike Will Worsen Inflation - Punch Editorial by nairalanda1(m): 11:05am On Sep 07
SilasGreenback:


You are a low life who works for the government, its as simple as that. You cannot even admit the existence of corruption in your bid to argue subsidy removal.

Okay, okay, Maria dos Santos, your figure is as the lovely Venus de Milo.
Re: Petrol Price Hike Will Worsen Inflation - Punch Editorial by nairalanda1(m): 11:08am On Sep 07
SilasGreenback:


You are a low life who works for the government, its as simple as that. You cannot even admit the existence of corruption in your bid to argue subsidy removal.

Yes, yes, Maria dos Santos, your hair is very becoming on you.
Re: Petrol Price Hike Will Worsen Inflation - Punch Editorial by nairalanda1(m): 11:09am On Sep 07
Ojuntana:

It also pays over N3m as minimum wage.

Let's have a conversation. Do you think the Nigerian minimum wage reflects market realities compared to the US?

As long as we're ready to pay N3m as minimum wage and have food stamps, energy and agric subsidies with accountable politicians pls give us the same road as US!!

And it is an industrial nation that exports manufactured goods and services

Your Nigeria does not do that.

Let tinubu develop an industrial economy that exports, then we can talk.

Till then, keep on crying and trying to expose me, but subsidy is not sustainable.


Good morning, dear Amelia.
Re: Petrol Price Hike Will Worsen Inflation - Punch Editorial by descarado: 11:10am On Sep 07
nairalanda1:


Okay, okay, Maria dos Santos, Katarina de Munster is not as beautiful as you are. Infact you are worth a hundred thousand Katarina de Munsters...
Give up. They have taken you to the gutters and you have no single reasonable defence except regurgitating nonsense.
The smart ones amongst you guys know when not to bother engaging on threads like this.
Did you see any of them here?

1 Like

Re: Petrol Price Hike Will Worsen Inflation - Punch Editorial by nairalanda1(m): 11:10am On Sep 07
Ojuntana:

I'm sure most nairalanders will agree it is you who is obsessed with subsidy that you blame the inability of the rain to fall on subsidy.

CORRUPTION is the reason we have so many out-of- school kids despite several back to school programs

Your president just signed NNPC-Retail over to his nephew but that's none of your concern. His son's company just got a sweet N15trillion road without any due process but that's not a problem.
Senators are getting 21m to wipe their corrupt noses while judges just got 300% bogus increase but that does not move you as an issue.
It is to be singing subsidy like a bush baby.
That is how on a thread detailing the failure of the ministry of sports, you blatantly lied that Germany was spending €22bn on sports when their budget is not up to half of a billion euros.
Why do you lie to defend corrupt and incompetent politicians?


And you are obseesed with being a big woman, dear Amelia.

A big woman on the internet, where everyone acknowledges that you have hair as long as Rapunzel's.

Good morning.
Re: Petrol Price Hike Will Worsen Inflation - Punch Editorial by nairalanda1(m): 11:12am On Sep 07
descarado:

Give up. They have taken you to the gutters and you have no single reasonable defence except regurgitating nonsense.
The smart ones amongst you guys know when not to bother engaging on threads like this.
Did you see any of them here?



Well, even though I lose here, it still does not change the fact that subsidy in Nigeria is not sustainable.
Re: Petrol Price Hike Will Worsen Inflation - Punch Editorial by Mandate1: 11:23am On Sep 07
nairalanda1:


It costs N720 per liter to refine a liter of pms NOW...Not under buhari.

Under Buhari it was probably above N250-500. If not more atimes.
so who do we blame for this?
Re: Petrol Price Hike Will Worsen Inflation - Punch Editorial by Mandate1: 11:26am On Sep 07
nairalanda1:


Well, it is true that when petrol is sold for a profit, nothing like scarcity and subsidy scams and smuggling exists.

Such things exist in countries that do subsidy.
you still open mouth waa again. So far fuel price is cheaper in Nigeria to Niger, Ghana, Cameroun etc, you can't stop smuggling by mere removing subsidy. Smuggling exists not not because of subsidy but due to our porous border, failed security architecture and corruption of those manned to safeguard the border. You can open ur mouth waa again
Re: Petrol Price Hike Will Worsen Inflation - Punch Editorial by nairalanda1(m): 11:26am On Sep 07
Mandate1:
so who do we blame for this?

Well, all I know is, allowing fuel to be sold at profit would have prevented all this.
Re: Petrol Price Hike Will Worsen Inflation - Punch Editorial by nairalanda1(m): 11:27am On Sep 07
Mandate1:
you still open mouth waa again. You can open ur mouth waa again
Thank you, Master waa.
Re: Petrol Price Hike Will Worsen Inflation - Punch Editorial by paulie200: 11:27am On Sep 07
nairalanda1:


I believe that APC should have been voted out this last election (and in fact, APC would have lost the election if not for the division in the opposition)...but if your preferred candidate won, the same thing would have played out.

The problem is years of subsidising fuel have contributed to a massive debt problem for Nigeria. Keeping fuel below its production cost for years has meant years of deficit budgets and more deficit budgets.....meaning as at August 2022, we were spending 90% of our revenue on debt servicing.

A graded removal of fuel subsidy as some were proposing would have still left us in more debt (and tinubu is doing the same thing).

At the end, we should have removed subsidy in 2012. Even earlier.



Ladies and gentlemen, let's give a warm welcome to the god of this world....who made the above comment.



I am indeed so blessed and honored that the god of this world has quoted me again using his alternate monicker. I am very happy.


I heard you guys are bots, how true is that?

Punder on this: Ghana had a great reform and growth in recent years and they achieved this without plunging its citizens to harsh conditions and poverty. Today their economy if far better than ours atleast the much i know their currency had overtake ours.

Before you argue about population difference, please still consider that the achieved this without being an oil-rich country like Nigeria.

Good governance is not far fetched when given to a visionary and selfless person.

This is so basic that even a dumb person can see how wicked and evil APC leadership had been
Re: Petrol Price Hike Will Worsen Inflation - Punch Editorial by nairalanda1(m): 11:29am On Sep 07
paulie200:



I heard you guys are bots, how true is that?




I heard you hug your hens every morning, no wonder the PAN is thinking of awarding you the prize of Polutry lover of the year.
Re: Petrol Price Hike Will Worsen Inflation - Punch Editorial by nairalanda1(m): 11:31am On Sep 07
SilasGreenback:


You are a low life who works for the government, its as simple as that. You cannot even admit the existence of corruption in your bid to argue subsidy removal.

OKay, okay, Maria dos Santos, your teeth are as white as pearls.
Re: Petrol Price Hike Will Worsen Inflation - Punch Editorial by nairalanda1(m): 11:31am On Sep 07
SilasGreenback:


You are a low life who works for the government, its as simple as that. You cannot even admit the existence of corruption in your bid to argue subsidy removal.

Okay, okay Maria dos Santos, your lips are as red as rubies.
Re: Petrol Price Hike Will Worsen Inflation - Punch Editorial by nairalanda1(m): 11:32am On Sep 07
SilasGreenback:


You are a low life who works for the government, its as simple as that. You cannot even admit the existence of corruption in your bid to argue subsidy removal.

OKay, okay, Maria dos Santos, you are far more lovelier than Lady Hera.
Re: Petrol Price Hike Will Worsen Inflation - Punch Editorial by Ojuntana: 11:32am On Sep 07
nairalanda1:


And it is an industrial nation that exports manufactured goods and services

Your Nigeria does not do that.

Let tinubu develop an industrial economy that exports, then we can talk.

Till then, keep on crying and trying to expose me, but subsidy is not sustainable.


Good morning, dear Amelia.
Did the US become an industrial economy by removing subsidies? At least you claim to be an intellectual. Tell us how US became an industrialized economy and we'll whisper it to Tinubu
Nigeria was industrialized in the 70s and 80s.
What killed our industries? Was it corruption or subsidy?
Re: Petrol Price Hike Will Worsen Inflation - Punch Editorial by nairalanda1(m): 11:32am On Sep 07
SilasGreenback:


You are a low life who works for the government, its as simple as that. You cannot even admit the existence of corruption in your bid to argue subsidy removal.

OKay, okay Maria dos Santos, you look like Wonder Woman
Re: Petrol Price Hike Will Worsen Inflation - Punch Editorial by nairalanda1(m): 11:33am On Sep 07
SilasGreenback:


You are a low life who works for the government, its as simple as that. You cannot even admit the existence of corruption in your bid to argue subsidy removal.

Okay, okay Maria dos Santos, your dress was the loveliest and most becoming on you last night.
Re: Petrol Price Hike Will Worsen Inflation - Punch Editorial by nairalanda1(m): 11:34am On Sep 07
SilasGreenback:


You are a low life who works for the government, its as simple as that. You cannot even admit the existence of corruption in your bid to argue subsidy removal.

Okay, okay, Maria dos Santos, your hair is more precious than 1 million kilogrammes of gold, and seven million tonnes of platinum
Re: Petrol Price Hike Will Worsen Inflation - Punch Editorial by Mandate1: 11:34am On Sep 07
nairalanda1:


Well, all I know is, allowing fuel to be sold at profit would have prevented all this.
was fuel sold at a lost before?

You really do not understand what this subsidy is and how nations should be governed.

Govt exists primarily to do for the people what the people cannot do for themselves. Otherwise, there's no need surrendering my individual anarchy to the state. This is simply social contract.

Every society, irrespective of how rich or poor they are must subsidize one particular commodity that will make life meaningful for the populace. This can be food, health care, transportation or several facets of life. Even societies like western economies that claim to imbibe the tenets if capitalism still subsidize one thing or the other.

What you produce locally will be cheaper, and what you import might be more exorbitant, hence the need for subsidy.

Nigeria's subsidy is an act of wickedness from the part of our leaders. How on earth do we explain that Nigeria an oil producing state doesn't have a functional refinery? The subsidy you see is the cost of refining this crude in another country and bringing down to Nigeria. So whr is the subsidy coming from again now dat we can produce locally Tru dangote?
Re: Petrol Price Hike Will Worsen Inflation - Punch Editorial by nairalanda1(m): 11:35am On Sep 07
SilasGreenback:


You are a low life who works for the government, its as simple as that. You cannot even admit the existence of corruption in your bid to argue subsidy removal.

Being angry won't change the fact that subsidy has to go.

Toodles.
Re: Petrol Price Hike Will Worsen Inflation - Punch Editorial by nairalanda1(m): 11:42am On Sep 07
Mandate1:
was fuel sold at a lost before?

It always has been, that's why NNPC is owing sellers lots of money now.


You really do not understand what this subsidy is and how nations should be governed.

Govt exists primarily to do for the people what the people cannot do for themselves. Otherwise, there's no need surrendering my individual anarchy to the state. This is simply social contract.

So, by extension, government should set prices for your business....and you lose money, so that they can help the poor.

O ma se o.



Every society, irrespective of how rich or poor they are must subsidize one particular commodity that will make life meaningful for the populace. This can be food, health care, transportation or several facets of life. Even societies like western economies that claim to imbibe the tenets if capitalism still subsidize one thing or the other.

We tried subsidisng food, and it led to long queues, and scarcity. Back under Buhari army
We subsidsie health, and that's why we have shitty hospitals, because they cannot earn enough to run very well. Also, why many people run abroad for care
We subsidise education, that is why our unis looks backward and our hostels are shitholes.
And subsides are paid for out of taxes....which in Nigeria are very low .



What you produce locally will be cheaper, and what you import might be more exorbitant, hence the need for subsidy.

Problem is, that mentaily is why NNPC Is owing 6 billion dollars now, and why we have poor investment in domestic refining, apart from Dangote.


Nigeria's subsidy is an act of wickedness from the part of our leaders. How on earth do we explain that Nigeria an oil producing state doesn't have a functional refinery

Because when we had refineries, the government sold fuel, diesel, and kero at a loss from them, and skipped TAM to keep subsidy costs low. And massively subsidised their transport.

Result...refineries could not make a profit to run themselves , and they broke down

Plus our revenue from oil cannot pay for subsides...unless we were producing at least ten times what we produce now, and oil remained above 130 per barrel.



? The subsidy you see is the cost of refining this crude in another country and bringing down to Nigeria. So whr is the subsidy coming from again now dat we can produce locally Tru dangote?

Simple...the other parts of your budget....which brings about a deficit, which is filled in by loans.

We have been doing that for decades, which is why we have problems with debt, among other things.
Re: Petrol Price Hike Will Worsen Inflation - Punch Editorial by nairalanda1(m): 11:43am On Sep 07
Ojuntana:

Did the US become an industrial economy by removing subsidies? At least you claim to be an intellectual. Tell us how US became an industrialized economy and we'll whisper it to Tinubu
Nigeria was industrialized in the 70s and 80s.
What killed our industries? Was it corruption or subsidy?

Good morning, lovely Amelia.

You look beautiful in the black dress today, and your blonde hair is shining well, and your makeup is on point.
Re: Petrol Price Hike Will Worsen Inflation - Punch Editorial by nairalanda1(m): 12:08pm On Sep 07
Ojuntana:

Did the US become an industrial economy by removing subsidies? At least you claim to be an intellectual. Tell us how US became an industrialized economy and we'll whisper it to Tinubu
Nigeria was industrialized in the 70s and 80s.
What killed our industries? Was it corruption or subsidy?

Nigeria was not industrailized. Never has been.
Re: Petrol Price Hike Will Worsen Inflation - Punch Editorial by nairalanda1(m): 12:09pm On Sep 07
Ojuntana:

I'm sure most nairalanders will agree it is you who is obsessed with subsidy that you blame the inability of the rain to fall on subsidy.

CORRUPTION is the reason we have so many out-of- school kids despite several back to school programs

Your president just signed NNPC-Retail over to his nephew but that's none of your concern. His son's company just got a sweet N15trillion road without any due process but that's not a problem.
Senators are getting 21m to wipe their corrupt noses while judges just got 300% bogus increase but that does not move you as an issue.
It is to be singing subsidy like a bush baby.
That is how on a thread detailing the failure of the ministry of sports, you blatantly lied that Germany was spending €22bn on sports when their budget is not up to half of a billion euros.
Why do you lie to defend corrupt and incompetent politicians?


Oh Lord, won't you buy me a Mercedes Benz?
My friends all drive Porsches, I must make amends
Worked hard all my lifetime, no help from my friends
So, oh Lord, won't you buy me a Mercedes Benz?
Re: Petrol Price Hike Will Worsen Inflation - Punch Editorial by Ojuntana: 12:16pm On Sep 07
nairalanda1:


Nigeria was not industrailized. Never has been.

Yeah
And there has never been subsidy
Never has been
You can keep lying to yourself
My job is to make sure you don't get away with your lies
Re: Petrol Price Hike Will Worsen Inflation - Punch Editorial by Ojuntana: 12:17pm On Sep 07
nairalanda1:



Oh Lord, won't you buy me a Mercedes Benz?
My friends all drive Porsches, I must make amends
Worked hard all my lifetime, no help from my friends
So, oh Lord, won't you buy me a Mercedes Benz?
You ke

Las Las na trek you go trek
Re: Petrol Price Hike Will Worsen Inflation - Punch Editorial by nairalanda1(m): 12:21pm On Sep 07
Ojuntana:

You ke

Las Las na trek you go trek

I do love walking, dear peanut.
Re: Petrol Price Hike Will Worsen Inflation - Punch Editorial by Ojuntana: 12:22pm On Sep 07
nairalanda1:


I do love walking, dear peanut.
Good
You're properly equipped for what's coming
Re: Petrol Price Hike Will Worsen Inflation - Punch Editorial by nairalanda1(m): 12:24pm On Sep 07
Ojuntana:

Good
You're properly equipped for what's coming

And since you work for APC, you won't have any problems

Lord and Lady tinubu will send 50 LITERS of fuel to you every morning.
Re: Petrol Price Hike Will Worsen Inflation - Punch Editorial by nairalanda1(m): 12:31pm On Sep 07
SilasGreenback:


Try not to reason with that person, he is deranged.

Stay humble my friend.
For you won't be here one day.
And although you think you might have left a legacy,
In due time it too will fade with you.
You want to be remembered as someone who
Was kind.
Loving.
Respectful.
Helpful.
Friendly.
And above all humble.
So take the compliments nicely.
Try to always be kind.
And try to be forgiving.
Although I know it can sometimes be hard.
Help others.
Stand up for one another.
Because those are the true legacies that impact lives.
Not just some material thing that will fade faster than you think.

(1) (2) (3) (4) (5) (6) (7) (Reply)

Sokoto Deports Over 150 Illegal Immigrants / Southeast Results Under Arrest By Orders From Above. / What Igbos Need Most. We Don't Need Biafra

Viewing this topic: 1 guest(s)

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 57
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.