taylor88:
On Bola’s manhood we shall queue

Una go suffer till una get sense

Thank God say salary structure don’t differentiate between APC PDP or LP

Una go hear nwiii

Suffer just start

When we complain una go say I’ll wait till next 8yrs

Na all of us go wail till 8yrs

Kick the ground running, una don go kick stone

But you're still crying and wailing

Treadway:
leave nairalanda_1. I have been reading his posts. Theoretically, his point is clear, and even a half-educated person can understand the whole thing. Yea, the subsidy is not sustainable, but what is the problem of Nigeria? Terrible/corrupt leadership or a fuel subsidy? You already answered the question with the bolded. You, me and Nairalanda1 will be alive to revisit this topic in 4-5years and we will see how the removal of petrol subsidy solved or did not solve Naija's problems. As always, argumentators always stick to this subsidy thing like it is a magic bullet that will solve everything. Reduce the wasteful cost of governance, they downplay that...so much crude stolen for years until PO sounded an alarm at the tail end of Bubu administration, and some brief gra-gra was done. I'm sure as we type more is still being stolen. Diesel deregulated for 3+years, price went from 800 to 690 last I checked. Kero deregulated much earlier, I no even follow the price of that one whether e drop at all. What respite have Nigerians gained from both. May God spare us even beyond the next 5years. I will be interested in continue this convo then.

This your question is the real crux of the matter. The problem isn't subsidy. Nigeria isn't the first country to subsidize consumption for it's citizens. Even the great US subsidizes consumption for Americans. Ask the maize farmers. But here in Naija, the problem is that the importers of petrol (who are mostly businessmen friendly with the government) have decided that they will inflate the reported consumption for their benefit. If the government focused on attacking that demographic to eliminate that corruption, our subsidy bill would be almost negligible or at the least very tolerable. But no, they want to slaughter Nigerians to the benefit of their business cronies.

Retrenchment loading.
With the way things are going even seun go retrench some of his staff including his moderators

airsaylongcome:


This your question is the real crux of the matter. The problem isn't subsidy. Nigeria isn't the first country to subsidize consumption for it's citizens. Even the great US subsidizes consumption for Americans. Ask the maize farmers. But here in Naija, the problem is that the importers of petrol (who are mostly businessmen friendly with the government) have decided that they will inflate the reported consumption for their benefit. If the government focused on attacking that demographic to eliminate that corruption, our subsidy bill would be almost negligible or at the least very tolerable. But no, they want to slaughter Nigerians to the benefit of their business cronies.

US pays for its subsidies from tax revenue

Nigeria has a poor tax to gdp ratio and at least 70% of Nigerians who are eligible don't pay taxes.

And yes, we have to fight corruption

I was right. You are only interested in calling me oppressor.

airsaylongcome:


Thank you for the compliment. So my grouse withis round of supposed removal is two fold. Why did the C-in-C actively oppose it years ago when the burden was lower and we were earning more from crude oil sales? It was a small leak then and we could have easily absorbed the impact as we had a stronger Naira (compared to now). Did he oppose it for personal political reasons? Or did he think it was the best decision?

Secondly, we were promised a lot of infrastructural development when government removed the subsidy from diesel and Kero. Several years after has that promise been delivered? If it hasn't, why should we believe the government that they will deliver now?

Also, all the loans supposedly taken by the last regime for infrastructural development were they fully utilised to develop that infrastructure? Or were they basically looted. Nigeria Air being a case study

Bro, the inability of GEJ to successfully remove the subsidy is a sign of gross weakness as a leader and you can see similar traits of weakness allover his government. So don't blame anyone, BAT was in opposition, he did his job, but GEJ was too timid for the Leadership of a complex country like Nigeria
On Infrastructures, even Buhari's enemies will agreed that he tried on infrastructures given that nothing was left after setting subsidy, yeah there are massive corruption that needs to be dealt with. I was happy he delivered on the 2nd Niger bridge among others, he began fixing the rail also.
If BAT had gone the way of GEJ with around the country consultation, the subsidy cabal would have frustrated him, he outwitted them by coming out earlier than they expected thereby giving them no space.

Lifestone:

Bro, the inability of GEJ to successfully remove the subsidy is a sign of gross weakness as a leader and you can see similar traits of weakness allover his government. So don't blame anyone, BAT was in opposition, he did his job, but GEJ was too timid for the Leadership of a complex country like Nigeria
On Infrastructures, even Buhari's enemies will agreed that he tried on infrastructures given that nothing was left after setting subsidy, yeah there are massive corruption that needs to be dealt with. I was happy he delivered on the 2nd Niger bridge among others, he began fixing the rail also.
If BAT had gone the way of GEJ with around the country consultation, the subsidy cabal would have frustrated him, he outwitted them by coming out earlier than they expected thereby giving them no space.

I always chuckle when people say GEJ was weak on subsidy removal. Buhari who is an iron bender and never believed that there was subsidy became president and re-christened it as "under recovery" was he also weak too? Or subsidy wasn't a "problem" in his regime?

taylor88:
On Bola’s manhood we shall queue

Una go suffer till una get sense

Thank God say salary structure don’t differentiate between APC PDP or LP

Una go hear nwiii

Suffer just start

When we complain una go say I’ll wait till next 8yrs

Na all of us go wail till 8yrs

Kick the ground running, una don go kick stone

All Presidential candidates wanted to remove the subsidy.

Lifestone:

Evil policies like subsidy is why it's difficult for youth to get employment. Spending a whopping N7trillion on subsidy leaves nothing to support other intervention program like affordable credits to MSME that should be engine block for employment in Nigeria as it is in developed economy. An investment in infrastructure will lead to increased demand for factors of production which includes Labour.
As a Country, there are far more easier ways to create employment in Nigeria without stress. Just bring back the jobs.
For instance, local refinery of Dangote has brought back over 150,000 direct jobs and probably another 200,000 indirect jobs will be created. Now imagine we put in place a policy that mandated all primary products to be at the least partially processed in Nigeria. Examples are things like Cashew, Cocoa and hide & skin etc, I guarantee you, only with policy twinkling, Nigeria will regain over 500,000 jobs from those few Commodities that we currently exporting in the primary form. We are simply exporting the jobs for our youths as away.
We need sense as a Country

Not necessarily

dual exchange rate is responsible for all that.

And also massive haemorrhage revenue from the economy through bunkering, stealing of crude, underreporting production to steal crude, diversion of subsidized products only to end up being sold in other countries

airsaylongcome:


I always chuckle when people say GEJ was weak on subsidy removal. Buhari who is an iron bender and never believed that there was subsidy became president and re-christened it as "under recovery" was he also weak too? Or subsidy wasn't a "problem" in his regime?

I also do not have respect for Buhari. How many difficult decisions did Buhari made? He began consultation after and he was also frustrated. If BAT followed that approach, he would have ended like them.

airsaylongcome:


This your question is the real crux of the matter. The problem isn't subsidy. Nigeria isn't the first country to subsidize consumption for it's citizens. Even the great US subsidizes consumption for Americans. Ask the maize farmers. But here in Naija, the problem is that the importers of petrol (who are mostly businessmen friendly with the government) have decided that they will inflate the reported consumption for their benefit. If the government focused on attacking that demographic to eliminate that corruption, our subsidy bill would be almost negligible or at the least very tolerable. But no, they want to slaughter Nigerians to the benefit of their business cronies.

This is the absolute truth. 💯 Subsidy removal is a big fat lie done to enrich billionaires and trillionaires friends to GOVT

VeeVeeMyLuv:

Not necessarily

dual exchange rate is responsible for all that.

And also massive haemorrhage revenue from the economy through bunkering, stealing of crude, underreporting production to steal crude, diversion of subsidized products only to end up being sold in other countries

Just imagine if we are able to fix all these, Nigeria would have been fixed.
The potentials are all there

airsaylongcome:


This your question is the real crux of the matter. The problem isn't subsidy. Nigeria isn't the first country to subsidize consumption for it's citizens. Even the great US subsidizes consumption for Americans. Ask the maize farmers. But here in Naija, the problem is that the importers of petrol (who are mostly businessmen friendly with the government) have decided that they will inflate the reported consumption for their benefit. If the government focused on attacking that demographic to eliminate that corruption, our subsidy bill would be almost negligible or at the least very tolerable. But no, they want to slaughter Nigerians to the benefit of their business cronies.

Maize farmers you said. Production

Lifestone:

Maize farmers you said. Production

Right. And Saudi that subsidizes petrol?

airsaylongcome:


Right. And Saudi that subsidizes petrol?

Is Saudi in the same Economic situation like Nigeria? And sure they will altimately remove subsidy. I'm sure you are aware that Angola have removed subsidy too. No more subsidy in Ghana. It's not sustainable

Lifestone:

Is Saudi in the same Economic situation like Nigeria? And sure they will altimately remove subsidy. I'm sure you are aware that Angola have removed subsidy too. No more subsidy in Ghana. It's not sustainable

Completely right that about Saudi. They are subsidizing a luxury while we can't subsidize a necessity. As for Ghana and Angola, removal of subsidy did not have any impact on improving the life of the citizens. Same way that removal of subsidy on Diesel had no impact here. Good exchanging intellectual points with you. Work starts for me in 20 mins so I'm off. Have a great day

Minimum wage needs to be upgraded to at least 120k,it is only fair for it to be increased because goods and services are now risen like EBA.

While complaining about fuel subsidy removal, Think about how to harness the power of the sun to generate power and eliminate the need for generators. Imagine you spend 10 liters a day, you would be spending approx. 1.8 million in a year. Meanwhile, with 300,000 naira, you can get 1kva solar system to power your appliances, with 1.8 million, you can get 5kva solar system that can power your fridge, pumping machine, AC and appliances and with 900,000, you can get 2.5kva solar system. Rush now and get this from Gpgate Solar. All our products (inverters, battery etc) are manufactured by us and minimum of one year warranty on them all and guaranteed after sales services. Contact us on 08163617506

Islie:




https://leadership.ng/subsidy-removal-n30000-minimum-wage-no-longer-realistic-workers/

So what should the UNEMPLOYED do

Islie:




https://leadership.ng/subsidy-removal-n30000-minimum-wage-no-longer-realistic-workers/

The government should find a way to relieve the suffering of the people. You don't just wake up in the morning and implement a policy. We are not under a military regime.
There should be a palliative to cushion the debilitating effect of subsidy removal.
The rippling effect is increase in PMS pump price consequently leads to increase in transport, surge in price of goods and services, poor purchasing power among others

he should reduce it, thats the agbado level u are supporting

taylor88:




We are fighting how you daft miscreants will receive a pay higher than 30k for defending evil and you’re here talking trash

Hungry Buffon

Well don o

taylor88:


We are fighting how you daft miscreants will receive a pay higher than 30k for defending evil and you’re here talking trash

Hungry Buffon

Well don o

They are right...I pity the salary people shaaa...the inflation will be high and their salary can't handle it

Businessman will just factor it in the prices

Lifestone:

Evil policies like subsidy is why it's difficult for youth to get employment. Spending a whopping N7trillion on subsidy leaves nothing to support other intervention program like affordable credits to MSME that should be engine block for employment in Nigeria as it is in developed economy. An investment in infrastructure will lead to increased demand for factors of production which includes Labour.
As a Country, there are far more easier ways to create employment in Nigeria without stress. Just bring back the jobs.
For instance, local refinery of Dangote has brought back over 150,000 direct jobs and probably another 200,000 indirect jobs will be created. Now imagine we put in place a policy that mandated all primary products to be at the least partially processed in Nigeria. Examples are things like Cashew, Cocoa and hide & skin etc, I guarantee you, only with policy twinkling, Nigeria will regain over 500,000 jobs from those few Commodities that we currently exporting in the primary form. We are simply exporting the jobs for our youths as away.
We need sense as a Country

Subsidy removal is good but the timing and it's policy is bad.
Firstly, why can't the government mandate the oil companies in Nigeria to build a working modular refinery before removing the subsidy.
Secondly, this set of politicians will fund their life style from the money saved from subsidy instead of investing it in infrastructural/industrial sectors of the economy, wait and see how they will play the citizens of this country.

samwillyco1:



Subsidy removal is good but the timing and it's policy is bad.
Firstly, why can't the government mandate the oil companies in Nigeria to build a working modular refinery before removing the subsidy.
Secondly, this set of politicians will find their life style from the money saved from subsidy instead of investing it in infrastructural/industrial sectors of the economy, wait and see how they will play the citizens of this country.

At the current price, the local modular refinery will fail as they can't cover their operational costs and make economic profit at the current price without paying them subsidy.
For instance, Dangote will still sell at international price which will fluctuate with the exchange rate. Refining locally also won't stop smuggling to neighboring countries.
Your second point is my main concern and I do hope that with this pain, Nigerian's disposition to corrupt leaders will be more decisive.

taylor88:
On Bola’s manhood we shall queue

Una go suffer till una get sense

Thank God say salary structure don’t differentiate between APC PDP or LP

Una go hear nwiii

Suffer just start

When we complain una go say I’ll wait till next 8yrs

Na all of us go wail till 8yrs

Kick the ground running, una don go kick stone

Na only go wail my guy...thanks

nairalanda1:


So, the government should have kept the subsidy until we were broke? Severely broke?

Are you not broke now?

inoki247:
Ok na Jobless people the matter go fall on like this wetin Dem wan increase in dere life pass Poverty...


God go help....

Ahswear my brother am in part 3 in one of the uni in North am even tired of the skull all I need is job not education again

Aguiyimba:



Are you not broke now?

You want our brokeness to get worse?

Subsidy has to go.