I got back from work yesterday and my wife reminded me of something she asked me to buy for her which i forgot to. So, I had to go out to help her get it since she needed it that night. Since i had been driving all day, I decided to board a bike to buy the stuff in the neighborhood.

The bike man I stopped agreed to take me to the first shop for 100naira. But on getting to the shop, they did not have the stuff, so I asked the bike to take me to another shop at cost of another 100naira. I got the stuff there and, on taking me back home, the bike man stopped to buy fuel. He bought 1 liter at 600naira and dropped me at my house. I paid him the total sum of 400naira. He appreciated the gesture because he knew ordinarily, the return journey shouldn't be more than 150 to make a total sum of 350naira. I then began to do a mental comparison of the total cost to revenue of the bike man pre and post subsidy removal.

Before subsidy removal, he would have bought the fuel at 220 per liter and collected 50 for the first point, 50 for the second point as well and 100 for the third point making a total of 200. With that, he would have had a total loss of 20naira. But with removal of subsidy, even at 400 income, he still has a shortfall of 200naira to battle with. Thus, the bike man is worse off than he was before subsidy was removed by over 100points.

This justifies my earlier point that the poor benefit from subsidy more than politicians and their propagandists will have us believe.

cc: nairalanda1

I want to believe your wife is pregnant...right?

Zonefree:
I want to believe your wife is pregnant...right?

Lol. No. Why ask?

Kukutenla:


Lol. No. Why ask?

She's not pregnant and she's not disabled, why can't she go get the things she needed by herself?

For a fact, subsidy was the only national cake that went round.

Everyone benefited from it and enjoyed it!

Kukutenla:
I got back from work yesterday and my wife reminded me of something she asked me to buy for her which i forgot to. So, I had to go out to help her get it since she needed it that night. Since i had been driving all day, I decided to board a bike to buy the stuff in the neighborhood.

The bike man I stopped agreed to take me to the first shop for 100naira. But on getting to the shop, they did not have the stuff, so I asked the bike to take me to another shop at cost of another 100naira. I got the stuff there and, on taking me back home, the bike man stopped to buy fuel. He bought 1 liter at 600naira and dropped me at my house. I paid him the total sum of 400naira. He appreciated the gesture because he knew ordinarily, the return journey shouldn't be more than 150 to make a total sum of 350naira. I then began to do a mental comparison of the total cost to revenue of the bike man pre and post subsidy removal.

Before subsidy removal, he would have bought the fuel at 220 per liter and collected 50 for the first point, 50 for the second point as well and 100 for the third point making a total of 200. With that, he would have had a total loss of 20naira. But with removal of subsidy, even at 400 income, he still has a shortfall of 200naira to battle with. Thus, the bike man is worse off than he was before subsidy was removed by over 100points.

This justifies my earlier point that the poor benefit from subsidy more than politicians and their propagandists will have us believe.

cc: nairalanda1

Sorry, I don't read tales by moonlight.

Face year front, master Smith

Zonefree:

She's not pregnant and she's not disabled, why can't she go get the things she needed by herself?

First, you assumed she's not disabled. That's poor imagination on your part.

Second, I really don't see how it is any of your business how a man and his wife choose to live.

nairalanda1:


Sorry, I don't read tales by moonlight.

Face year front, master Smith

Since it is not propaganda from the stable of your paymasters eh?

Uncle Tom

Kukutenla:



Uncle Tom

Lol, I hit a nerve there.

Shall milk this, not so?

nairalanda1:


Lol, I hit a nerve there.

Shall milk this, not so?

Nerve?
Do you even know what that means?
Zombies got no nerve
And only Zombies ask for more suffering to enrich a few

By your assumptions, you imply that the bike man used one litre of fuel to ferry only you. You can never tell how much he will make from a single litre of fuel bro.

Your conclusion is confusing. You mean the poor benefit from subsidy more than politicians?

Rajahbite:
By your assumptions, you imply that the bike man used one litre of fuel to ferry only you. You can never tell how much he will make from a single litre of fuel bro.

Didn't you read where he said the first shop didn't have what he came for? It's not just about the bike man.. medium scale shop owners can't restock because they can't rebuy them, cost of things have almost doubled in price.. do you get? That's what people are complaining about! Things in the market are expensive. But people that eat in their parent's home or people that leech others won't know this!..

Rajahbite:
By your assumptions, you imply that the bike man used one litre of fuel to ferry only you. You can never tell how much he will make from a single litre of fuel bro.

That's not my assumption. You're mistaken. The one liter will still cover the same mileage whether he buys it for 220 or 600. What I'm pointing out is his cost of doing that business as increased by 200 folds as a result of the fact that he has to buy fuel, which is the main input of his job for thrice the price. This implies that to break even, he has to work thrice as hard as he used to.
With the previous price, taking me on that round alone has covered his cost of business. But with the present price, that same round has not even covered half of his cost of business which means, he has to work more to break even and get less the profit he used to get.

GodWrites:
Your conclusion is confusing. You mean the poor benefit from subsidy more than politicians?

My conclusion is that the poor benefit from subsidy. Whether at a scale higher than the politicians, i cannot say because i don't have the facts of how politicians benefit like i did for the bike man.
This is at variance with the prevailing propaganda that it is only big men with big cars that benefit from subsidy since the poor don't own cars.

Kukutenla:


That's not my assumption. You're mistaken. The one liter will still cover the same mileage whether he buys it for 220 or 600. What I'm pointing out is his cost of doing that business as increased by 200 folds as a result of the fact that he has to buy fuel, which is the main input of his job for thrice the price. This implies that to break even, he has to work thrice as hard as he used to.
With the previous price, taking me on that round alone has covered his cost of business. But with the present price, that same round has not even covered half of his cost of business which means, he has to work more to break even and get less the profit he used to get.

Nope,he doesn't need to work thrice as hard as before. Considering the input in the line of rendering his services,he only needs to up the fare by 300%

vastolord4:


Didn't you read where he said the first shop didn't have what he came for? It's not just about the bike man.. medium scale shop owners can't restock because they can't rebuy them, cost of things have almost doubled in price.. do you get? That's what people are complaining about! Things in the market are expensive. But people that eat in their parent's home or people that leech others won't know this!..

Back in the 80s and 90s during the oil boom, not every shop always had in stock all the commodities at the same time.

Rajahbite:

Nope,he doesn't need to work thrice as hard as before. Considering the input in the line of rendering his services,he only needs to up the fare by 300%

Another 300% after an increase of 100%. Are you kidding or joking?

Kukutenla:


That's not my assumption. You're mistaken. The one liter will still cover the same mileage whether he buys it for 220 or 600. What I'm pointing out is his cost of doing that business as increased by 200 folds as a result of the fact that he has to buy fuel, which is the main input of his job for thrice the price. This implies that to break even, he has to work thrice as hard as he used to.
With the previous price, taking me on that round alone has covered his cost of business. But with the present price, that same round has not even covered half of his cost of business which means, he has to work more to break even and get less the profit he used to get.

In essence, what you're saying is that subsidy affects the poor because cost of running petty businesses that are dependent on petrol has increased and to meet up they have to pass on the burden to customers.

Rajahbite:

Back in the 80s and 90s during the oil boom, not every shop always had in stock all the commodities at the same time.

for you to go to a store shows you know exactly what you want from there is there?? Eg going to a mallams shop to get sweets?? Cos you know he should have sweets at least

Aurelius1:
In essence, what you're saying is that subsidy affects the poor because cost of running petty businesses that are dependent on petrol has increased and to meet up they have to pass on the burden to customers.

Yeah. And even at that, they still don't make what they used to. The subsidy removal increases their cost of doing business while reducing their profit margin

vastolord4:


for you to go to a store shows you know exactly what you want from there is there?? Eg going to a mallams shop to get sweets?? Cos you know he should have sweets at least

Don't tell me you have never been to a shop you buy a particular article only to be told it's been sold out and they need to restock?

Kukutenla:

Another 300% after an increase of 100%. Are you kidding or joking?

100% increase in fare won't solve his problems because the increase in fuel is already more than 200%

Rajahbite:

100% increase in fare won't solve his problems because the increase in fuel is already more than 200%

Well, the fact is that at 300% increase in price, he runs the risk of losing customers as some people will prefer to walk that distance or just stay put when they can. That will negatively affect is daily income then and in the long run, his revenue

Rajahbite:

Don't tell me you have never been to a shop you buy a particular article only to be told it's been sold out and they need to restock?

No restocking this time around cos retailers can't afford it with the current price increase.. retailers now select particular items to buy and sell (goods that are bought steadily) so common items like insecticides and body deodorants are only bought in the bigget markets

Zonefree:

She's not pregnant and she's not disabled, why can't she go get the things she needed by herself?

Are you talking about the women in your life


Anyway are you still having romantic feelings for me even as things will not be better for you and everyone related to you 😂

Zonefree:

She's not pregnant and she's not disabled, why can't she go get the things she needed by herself?

🤣🤣🤣🤣🤣

Aren't you interested in talking to me anymore you foolish fellow

You don't want to see my nákedness no more

Send that PM you've been dying to send like the sex-starved thirsty dog that you are