The Chief Executive Officer of the Financial Derivatives Company, Bismarck Rewane, has said that subsidy was not removed but reduced.
He stated this when he appeared on Channels Television’s on Sunday evening.

During the programme, Rewane also highlighted the effects of the reduction in fuel subsidy and how it has affected Nigerian salary earners.
“At the inauguration, it was said that subsidy was gone but subsidy was actually reduced,” he said.

According to Rewane: “There is the convergence of exchange rates and reducing the windows into one. The consequence of that money has been transferred from consumers to the government.

“Subsidies are reversed taxes; if you reduce them, you increase the people’s taxes and reduce their income. What has happened is that government revenue has increased by 44% between May and June. Money has been transferred to the government but what is the government doing with it?
“The consumers, on the other hand, had a minimum wage, which in dollar terms was 40 dollars in 2002. In 2019, it was about 70 dollars but it has now been reduced to 24 dollars.”

https://dailypost.ng/2023/12/31/subsidy-reduced-not-removed-rewane/

I remember Zombies and their subsidy is gone propaganda in the early days of this govt.
One even said Tinubu has done what the combination of OBJ, Yaradua, Jonathan and Buhari could not do.
Another said he'll only support Tinubu if he can see the removal of subsidy to a logical end. The zombie is still supporting Tinubu till today

Lol

Wow this administration na scam. A policy that gives more money to be looted.

APC, the more you look, the less you understand

This new year, I won't be commenting much on the scam of APC. Ebin Pa Wa Oooo people are already feeling it hot hot.

That's commonsense fact. They allow the new subsidy rate to bridge the gap between actual cost and selling price. Not a bad move if you ask me.
The lack of preparation for alternatives is what I blame govt for.

Oga Rewane...

We don hear..

Allow government intervene where necessary..

Increasing pump price more than what it is now is suicidal...we can't take it.

Make we just dey run am dey go now till further decrease comes on board..abeg..

Stylishly advocating for further increase in pump price will be catastrophic

Ok

Kukutenla:


https://dailypost.ng/2023/12/31/subsidy-reduced-not-removed-rewane/

Don't mind Tinubu and his gullible Agbadorians. We know subsidy is a huge SCAM

I don't care

So why did they rush to counter world bank when they said that Nigeria is still paying for fuel subsidy?

Why were APC e-rats attacking Rufai on Twitter when he said subsidy is back?

APC government is just full of lies and deceit.

This means that we should expect another criminal increment in the price of fuel when Tinubu eventually removes subsidy.

So we might be buying fuel close to 1k or more per liter, in the coming months.

Nigeria have never had such a deceitful government as this in it's history.

Tinubu said it was removed na.

Nigerian Singer Rema was spotted in Lagos with American Justin Skye as they Partied together. They were in company of other Mavin stars, Ayra Starr and Crayon.

Remember that both Rema and Justine Skye were spotted together during a Crossover Service on new year's eve.


https://www.youtube.com/watch?v=iow56mF4xu4?si=pgDdxiaf9QnJbIA2

All this subsidy talk is just a way of cheating the masses. Pre-subsidy removal, Nigerians were lied to that subsidy benefits just a few (a big lie because subsidy IS THE ONLY THING EVERY NIGERIAN ENJOYED FROM GOVERNMENT). Post-subsidy removal, Nigerians are suffering the way they have never known.....only the few at the corridors of power and their cronies are still feeding fat while convincing the masses that the suffering is good for them. Quite absurd!

Ok oo

Tinubu said it's gone.

Reasonable

And these nonsense APC goons here always supporting nonsense & praising rubbish kept claiming with their full chest that subsidy is totally gone. Freestuffs & Leodeking mumu after all your praise singing & defense, you now see how you've been shamed. When I see people saying to defend APC is hard, now I'm truly getting it. It's hard

Subsidies:-
Removed
Reduced
Restored
Rebooted

Or

Relooted

Las las.

If we do the maths it didn't even reduced, the govt before was paying 44 naira or so on a litre and now it's above 150 on a litre ...

Gone for God or bad?

billgabb:
Tinubu said it's gone.

Kukutenla:


https://dailypost.ng/2023/12/31/subsidy-reduced-not-removed-rewane/

Tinubu and APC deceiving Nigeria. Dollar and landing costs tell the whole story. Subsidy is NOT gone.

APC came to crumble the country and they're doing it at fast pace.

Subsidy is a Legal Fraud

Kukutenla:


https://dailypost.ng/2023/12/31/subsidy-reduced-not-removed-rewane/

They have started again

Never thought I would be happy to be proven right.

Subsidy still exists. So long as the government has a hand in price setting, there is a subsidy.

The show continues. And at the end of the day, nothing changes, until Nigerians are ready to face the fact that total removal of subsidy means better refineries, domestic refineries, etc.

But tinubu, like yer average politican, wants to win elections.

Never ever trust a Nigerian politican.

Them say na lie ooh
Say make you show where and how federal government is pay paying subsidy APC can lie , even when you catch dem red handed they will still be calling white black

# another eBOLA scan / propaganda bursted!💯💯✅

# all motion, NO MOVEMENT govt!💯

# USELESS GOVT of self serving THIEVES AND BLOODTHIRSTY TERRORISTS 🚩🚩🚩