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Nairaland Forum / Nairaland / General / Business / How Are You Preparing For Subsidy Removal? (29242 Views)
Fuel Subsidy Removal Causes Sharp Decline In Generator Sales In Nigeria- Traders / Wema Quarterly SME Webinar: Impacts And Opportunities Of Fuel Subsidy Removal / Petrol subsidy increases by 2,000% in one year (2) (3) (4)
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Re: How Are You Preparing For Subsidy Removal? by Aukeibado(m): 1:09pm On Mar 28, 2023 |
Good |
Re: How Are You Preparing For Subsidy Removal? by MT: 1:10pm On Mar 28, 2023 |
vivalavida: Funny you. You better stay. Japa is worse - Road Tax, Expensive fuel, Car Registration, Insurance etc. 3 Likes 1 Share |
Re: How Are You Preparing For Subsidy Removal? by jaxxy(m): 1:10pm On Mar 28, 2023 |
HeroicMeastro: pdp na person? Just asking. |
Re: How Are You Preparing For Subsidy Removal? by gloryman91: 1:11pm On Mar 28, 2023 |
Build refineries for the country and stop deceiving us. 2 Likes |
Re: How Are You Preparing For Subsidy Removal? by Angelfrost(m): 1:11pm On Mar 28, 2023 |
ChristianMuslim: Nope... We won't do shit together! We didn't unite during EndSars! Failed to unite during COVID-19! Chose Ethnicity and religion during last 2 major national elections! Nigerian unity is a ship that has long sailed and capsized! It's every man for himself... Every Mallam with his tea kettle! Jungle don mature... It's now survival of the fittest! 5 Likes |
Re: How Are You Preparing For Subsidy Removal? by Busu001: 1:13pm On Mar 28, 2023 |
Uhm. Buhari has distablized a lot in the process of stabilizing them so unfortunate of us all. |
Re: How Are You Preparing For Subsidy Removal? by Erickymania: 1:15pm On Mar 28, 2023 |
Akshow:na u sabi. We dey 9ja my dear country and Naija go better. Nigeria shall be great again. |
Re: How Are You Preparing For Subsidy Removal? by johnjose68: 1:15pm On Mar 28, 2023 |
AbdulMagaji: Continue to cry. On Asiwaju's mandate we stand. Where do you stand? On Pandora |
Re: How Are You Preparing For Subsidy Removal? by Femmyfamous4u(m): 1:16pm On Mar 28, 2023 |
I already have solar powered inverter and intend to cash out with a business. |
Re: How Are You Preparing For Subsidy Removal? by seguno2: 1:16pm On Mar 28, 2023 |
Felabrity: Yes o. And those who protest among them will chop double beating- one from Tinubu’s hands and the other from those of us who warned them not to vote in the rogue. 2023: We’ll remove fuel subsidy even if Nigerians protest – Tinubu |
Re: How Are You Preparing For Subsidy Removal? by stepaside2: 1:17pm On Mar 28, 2023 |
With subsidy removal, oil price at $70/barrel and current exchange rate, petrol should retail at between N280 and N350 per litre 5 Likes |
Re: How Are You Preparing For Subsidy Removal? by seguno2: 1:18pm On Mar 28, 2023 |
johnjose68: How can you stand on Tinubu’s rotten manhood when Remi was enticing her fellow senator Dino to take over and lubricate the area |
Re: How Are You Preparing For Subsidy Removal? by Killermamba: 1:18pm On Mar 28, 2023 |
Adexgentle005:This is what will start another brutal protest |
Re: How Are You Preparing For Subsidy Removal? by krushdripper(m): 1:19pm On Mar 28, 2023 |
So so bad news everywhere |
Re: How Are You Preparing For Subsidy Removal? by Bluffly: 1:19pm On Mar 28, 2023 |
Akshow:Fuel is not cheap outside Nigeria as well. It is even more expensive |
Re: How Are You Preparing For Subsidy Removal? by tamdun: 1:19pm On Mar 28, 2023 |
GoodbutBadguy:I'll rather invest in gold 2 Likes |
Re: How Are You Preparing For Subsidy Removal? by EastAlchemist: 1:20pm On Mar 28, 2023 |
Angelfrost:Seconded |
Re: How Are You Preparing For Subsidy Removal? by OndoRaph(m): 1:21pm On Mar 28, 2023 |
xristos:Government incures some costs in order to make fuel AFFORDABLE. Now they are saying they want to stop, the buyers should rather buy at HIGH price. Truth is fuel on a normal without gov subsidy is something costly. Its more like, on a normal pure water is N30 for example, then gov says each time you buy the gov pays the seller N20 which you don't see then you are always left to pay the seller N10. Now gov says we want to stop paying N20 on your behalf. So you are to buy 1 pure water nw for N30 9 Likes |
Re: How Are You Preparing For Subsidy Removal? by Jlow2: 1:22pm On Mar 28, 2023 |
Even at 2000 per liter they will still tell you it's still subsidised , apc supporters will buy at 100 naira, any Yoruba that complains slap him 1 Like |
Re: How Are You Preparing For Subsidy Removal? by gannod(m): 1:22pm On Mar 28, 2023 |
No repairs of old refinery, no new refinery. No audit of NNPC for over 7years and the parting gift is the removal of subsisidy.SMH! 3 Likes |
Re: How Are You Preparing For Subsidy Removal? by COMPAQ(m): 1:23pm On Mar 28, 2023 |
While I support subsidy removal, I am disappointed by the approach!! By now, I would expect Govt, Labour and the organized private sector to have formed a powerful committee to determine the best way to mitigate shocks to the economy. The impact of the subsidy removal will be material, but with proper planning, at least the government can help the citizens. If I were in charge, amongst the things I would do prior to subsidy removal would be as follows: 1. Revise the minimum wage for the lowest cadre of workers in the public service. Someone earning minimum wage of N30k should move to say N80k. But it doesn't mean those earning N500k need to be topped up. 2. Get the private sector to also top up everyone's salary by a fuel supplement of say N20k per month. 3. Order like 5000 buses for intracity transport that are fueled by CNG for the largest cities in Nigeria - Lagos, PH, Abuja, Onitsha, Kano, Kaduna, Ibadan, Owerri etc to help reduce transport costs. 4. Encourage private sector bus drivers to also convert their vehicles to CNG in the larger cities impact the larger parts of the population 5. Aggressively improve electricity supply by proper regulation and monitoring of the DISCO's. Thankfully the recent constitution amendment gives States the capacity to get involved in electricity matters. 6. Encourage digital means of doing business in the public and private sector to discourage the need for a lot of driving around. If I can conduct most of my business online, why do I need to be driving around so much. 7. Resolve issues, bottlenecks that cause people to spend a lot of time in traffic in our major cities. We cant be spending 4 hour a day in traffic in lagos per day at N750 per litre o. 8. Provide tax incentives for full payment of solar installations for homes and businesses 9. Create a fund to help people migrate to solar at low interest rates (or even zero interest rates in first 5 years). Those who access this fund do not get the tax incentives. 10. Make importation of new and/or used electric, plug in hybrid and normal hybrid vehicles free of duty and levy. 4 Likes 1 Share |
Re: How Are You Preparing For Subsidy Removal? by Jokkarm2: 1:26pm On Mar 28, 2023 |
A001: It is unfortunate that the only thing the Government thinks of is hardship to Nigerians, subsidy can be removed but strategically removed. first of all, how many refineries are functioning to refine the crude? What steps are they using to remove it? 25%, 50% ? there many many things to put in place before removing it so that the price will not go as high as 750 per liter. they can do the first removal by 25% removal while they will make sure that all the refineries are working properly before increasing it to 50% removal . secondly, all the people that looted fund for subsidies for ten years back, what is the way forward to recover all they looted? what are other measure to ensure the price does not go up to 500 a liter? 1 Like |
Re: How Are You Preparing For Subsidy Removal? by davidl7: 1:26pm On Mar 28, 2023 |
A001: At least traffic no go too much again for Lagos road. 1 Like |
Re: How Are You Preparing For Subsidy Removal? by idu1(m): 1:27pm On Mar 28, 2023 |
B3sty: |
Re: How Are You Preparing For Subsidy Removal? by Chetas81(m): 1:28pm On Mar 28, 2023 |
IS LIKE NIGERIA CITIZENS ENJOY HARDSHIP AS WE FORBID REFINERY |
Re: How Are You Preparing For Subsidy Removal? by bonnyhope: 1:29pm On Mar 28, 2023 |
Ayilara1: The challenge will be felt more in transportation which will eventually shoot up the prices of other commodities. Running generator Sets is optional |
Re: How Are You Preparing For Subsidy Removal? by frank14011991(m): 1:29pm On Mar 28, 2023 |
millionboi2:na you they feed northern people now 2 Likes |
Re: How Are You Preparing For Subsidy Removal? by Chetas81(m): 1:30pm On Mar 28, 2023 |
jaxxy:you forgot to ask your leaders why dey forbid refinery |
Re: How Are You Preparing For Subsidy Removal? by Treadway: 1:33pm On Mar 28, 2023 |
Angelfrost:aptly put! Nothing more to add! |
Re: How Are You Preparing For Subsidy Removal? by skj1377(m): 1:33pm On Mar 28, 2023 |
NLC will go on indefinite strike so Tinubu will have to return the subsidies till we stop importing petrol. How does a country use dollars to buy what they have locally. 1 Like |
Re: How Are You Preparing For Subsidy Removal? by Djele: 1:35pm On Mar 28, 2023 |
The protest go mad |
Re: How Are You Preparing For Subsidy Removal? by LoveTalk(f): 1:35pm On Mar 28, 2023 |
God help us. |
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