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Nairaland Forum / Nairaland / General / Business / Wema Quarterly SME Webinar: Impacts And Opportunities Of Fuel Subsidy Removal (8722 Views)
Jumia Delivery Man Uses Horse To Deliver Food Amid Fuel Subsidy (Photo) / Fuel Subsidy Removal Causes Sharp Decline In Generator Sales In Nigeria- Traders / CBN’s Quarterly Forex Intervention Has Been Reduced By $930 Million (2) (3) (4)
Re: Wema Quarterly SME Webinar: Impacts And Opportunities Of Fuel Subsidy Removal by NaijaCover(m): 7:24pm On Apr 19, 2023 |
, IS HERE |
Re: Wema Quarterly SME Webinar: Impacts And Opportunities Of Fuel Subsidy Removal by Nobody: 7:41pm On Apr 19, 2023 |
BreconHills:what is the percentage of Nigerians in civil service? |
Re: Wema Quarterly SME Webinar: Impacts And Opportunities Of Fuel Subsidy Removal by BreconHills(m): 8:43pm On Apr 19, 2023 |
franciskaine: Did you read my comment? Did you see me say "as a first step?" 1 Like |
Re: Wema Quarterly SME Webinar: Impacts And Opportunities Of Fuel Subsidy Removal by BreconHills(m): 8:47pm On Apr 19, 2023 |
chrisxxx: When the fgn did that with cash credits did some Nigerians not say it was fraud or bribery? When they gave collateral free loans to traders and employed graduates under various programs was it not criticised? The Government is doing the best thing. Starting with verified addresses and Bvn's. From there grow the cash palliative outwards and ignore criticism. There is no way of pleasing the general populace. 1 Like 1 Share |
Re: Wema Quarterly SME Webinar: Impacts And Opportunities Of Fuel Subsidy Removal by malcom1X: 8:59pm On Apr 19, 2023 |
chrisxxx: Them don collect the loan already. That's what is disturbing me |
Re: Wema Quarterly SME Webinar: Impacts And Opportunities Of Fuel Subsidy Removal by malcom1X: 9:01pm On Apr 19, 2023 |
BreconHills: Ask yourself "am I in the civil service"? |
Re: Wema Quarterly SME Webinar: Impacts And Opportunities Of Fuel Subsidy Removal by chrisxxx(m): 9:12pm On Apr 19, 2023 |
BreconHills:There is no known Nigerian who has come out to acknowledge receiving any of these FG Grants. |
Re: Wema Quarterly SME Webinar: Impacts And Opportunities Of Fuel Subsidy Removal by jonnex: 10:01pm On Apr 19, 2023 |
HeroicMeastro: When you are saying this in respect of Wema, what would you say about Zenith and UBA? |
Re: Wema Quarterly SME Webinar: Impacts And Opportunities Of Fuel Subsidy Removal by VeeVeeMyLuv(m): 2:33am On Apr 20, 2023 |
chrisxxx:He should better apply his thinking faculty to properly research this policy, think it through thoroughly before implementation. if it not properly handled it will surely engulf and devour his government in a twinkle of an eye. 1 Like |
Re: Wema Quarterly SME Webinar: Impacts And Opportunities Of Fuel Subsidy Removal by VeeVeeMyLuv(m): 2:42am On Apr 20, 2023 |
BreconHills:40% salary increase on paper Vs 400% petrol increase Bros Weldone o. What about Constitutional institutionalized corruption that empowers leaders to brazenly loot to their satisfaction still dey there kampe o. The subsidy money that will be saved will still be brazenly and viciously looted by same so-called policy makers. They like putting the cart before the horse. Dey play... Dey play |
Re: Wema Quarterly SME Webinar: Impacts And Opportunities Of Fuel Subsidy Removal by LivingSage: 5:04am On Apr 20, 2023 |
For federal government workers. Be specific please. State and LG workers doesn't experience Such BreconHills: |
Re: Wema Quarterly SME Webinar: Impacts And Opportunities Of Fuel Subsidy Removal by dalass(f): 5:51am On Apr 20, 2023 |
BreconHills: How many people in the over 200,000,000 people are FG civil servants? Only 40% increase in salaries? For over 300% fuel increase Fuel is around 230 now. Inflation is already over 22%! If fuel now sells for over 700 which is times 3 of the current price, do you understand the kind of galloping inflation that will happen? The cost of living will skyrocket and the evil government has borrowed money when they haven't even removed the subsidy to share among themselves while trying to deceive themselves that 50 Million poor people will receive 8k each ! To do what exactly Hell on earth is waiting for these thieving liars that are in government N. B Nigeria has become no 1 poorest country only wants to push more millions of people into the poverty circle |
Re: Wema Quarterly SME Webinar: Impacts And Opportunities Of Fuel Subsidy Removal by BreconHills(m): 7:46am On Apr 20, 2023 |
dalass: Do nothing you are damned, do something you are damned. Do things in stages you are damned. Instead of trying to turn subsidy into a political football, why dont you explain your alternative plan. |
Re: Wema Quarterly SME Webinar: Impacts And Opportunities Of Fuel Subsidy Removal by BreconHills(m): 7:49am On Apr 20, 2023 |
LivingSage: Never said it includes state workers. It could well be that state salaries that are exclusively within the state's exclusive list will be addressed by grants to the states for this purpose. The important thing is that some steps have begun. If you have a well-thought-out strategy for how this could be better done please let's hear it. |
Re: Wema Quarterly SME Webinar: Impacts And Opportunities Of Fuel Subsidy Removal by BreconHills(m): 8:01am On Apr 20, 2023 |
VeeVeeMyLuv: You talk about a 400% increase as if it will remain at 400% forever. When you free up an industry, competitive pressure forces down prices. The cost of sim cards approaches zero today but they were very expensive in 2000. Furthermore, the Dangote refinery is coming onstream and there will be an availability of supply. The additional taxes on petroleum profits can be easily recycled back into the system and while prices may rise across the board the fact that more players will come out in all industries will ultimately reduce prices. It is also likely that import duties on solar panels will drop tremendously. We are seeing an upsurge in demand for solar that will; weaken demand for petrol and diesel with an impact on prices. You have to look at the ecosystem effect caused by a range of solutions rather than isolating the 40% increase. If pay rises were 400% what would that do for inflation that is sky-high? Your point would be better made if you could provide your own alternative plan and not nebulous and fairy-like platitudes. Contrast plan vs plan. Its easy to breakl things down but more mentally challenging to provide workable solutions. This is the bane of Nigerian "intelligence" Waiting for your plan. When they did conditional cash credits you said it was a fraud, free school meals fraud, trader moni, fraud, graduate employment schemes fraud. Why don't you explain your alternative after all I believe you've thought about the matter beyond the level of mere criticism. 1 Like 1 Share |
Re: Wema Quarterly SME Webinar: Impacts And Opportunities Of Fuel Subsidy Removal by dalass(f): 8:19am On Apr 20, 2023 |
BreconHills: It is you that's dammed. Not I I don't need to explain anything because no one listens. The onus is on every sane person how to survive or escape it. |
Re: Wema Quarterly SME Webinar: Impacts And Opportunities Of Fuel Subsidy Removal by BreconHills(m): 8:26am On Apr 20, 2023 |
dalass: You don't even understand the expression "Do and you are damned.." My friend no one is cursing you o But saying "...the onus is on every sane person..." to escape is pardon me, intellectual laziness. That's, not a plan that's a white flag of surrender. |
Re: Wema Quarterly SME Webinar: Impacts And Opportunities Of Fuel Subsidy Removal by Mrkcee(m): 10:48am On Apr 20, 2023 |
BreconHills:God bless you. You are the most sensible person I've read his/her comments on Nairaland and several other platforms in recent years. U'll achieve great things in this beautiful Nation 🇳🇬. |
Re: Wema Quarterly SME Webinar: Impacts And Opportunities Of Fuel Subsidy Removal by dbestuncle: 2:02pm On Apr 20, 2023 |
BreconHills: Calm down na. Have they started to collect the said increment? |
Re: Wema Quarterly SME Webinar: Impacts And Opportunities Of Fuel Subsidy Removal by dbestuncle: 2:05pm On Apr 20, 2023 |
BreconHills:
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Re: Wema Quarterly SME Webinar: Impacts And Opportunities Of Fuel Subsidy Removal by BreconHills(m): 6:16pm On Apr 20, 2023 |
dbestuncle: I take your point. Nigeria can't run refineries. However there is a massive privately owned refinery coming on stream this year that will change the availability equation. Yes, everybody wants to throw brickbats st the government. Its fine. It lets off steam but there are emerging realities we need to factor in. If those emerging realities make the situation better we can't ignore them simply because we want to keep throwing brickbats. 1 Like |
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