Topic: Subsidy removal and all you need to know (Read 313 times)
I believe say the time don come wey all Nigerians go convert their cabretor to gas because to buy fuel na die. When I been dey serve for Edo state na e I see this scenario wey be say the bus I enter to Uromi,shock me as the driver enter gas station to buy gas. I come dey wonder why him change him fuel to gas. So this no be new thing for Edo state people because them don already adopt the gas pattern since. The problem wey go come up be say make gas price no go increase because say so many people don dey depend on am. This one wey federal government life na for petrol he dey. You go see say if 60% of petrol users switch to gas, petroleum product price to fall,government go come begin think how them go use gas extort money from us.
Below na some reviews wey The Punch Newspaper been do with people using this gas to power generator & I screenshot am from their website
The gas solution sef dey fear me. E dey do me like time bomb but as e don be now, e don red, everybody go enter into the gas conversion something. This government wan show Nigerians shege, but God no go shame us.
Make eh no fear you my guy, because if only you fit keep am for open environment wey free air dey blow and distance the gas cylinder from the generator like 4meters, then, you no need to fear anything Note: Fire is a product of combustible material, oxygen & heat, so without the presence of these three elements in one place, you don't have to be worried about a fire outbreak.
Below na some reviews wey The Punch Newspaper been do with people using this gas to power generator & I screenshot am from their website
This gas -> generator solution is not really sustainable. This is Nigeria and what may seem like a solution is only a short term relief. The price of gas itself is going up like fuel is.
The gas solution sef dey fear me. E dey do me like time bomb but as e don be now, e don red, everybody go enter into the gas conversion something. This government wan show Nigerians shege, but God no go shame us.
Wetin dey sup?
Why the price high again, abi na because of the 8k President say him go give people abi na wetin? Make e no be say this price dey target 1k o
Why the price high again, abi na because of the 8k President say him go give people abi na wetin? Make e no be say this price dey target 1k o
In my opinion, this is only the beginning. Things would continue to get bad and it would escalate very fast. Nigeria was already hard, taking off the fuel subsidy was a big no no. Because there was nothing to fall back on with - Bad economy, amongst other problems.
Senior man, na this government wey just talk say make nobody suffocate the poor, but now na dem hold the poor for neck. I no too understand wetin dey happen for this country.
Quote from: Davidvictorson
I hear say price of fuel don go up...I am dancing. 8k for each household go help people well well.
With dis new strategy dis new govt is trying to introduce to household #8k show that dis new govt will be worst than the previous govt because, any govt that truly have their citizens in mind will use that kind of money to create Many companies that will reduce unemployment and also eliminate dis massive inflation in our nation.Quote
This one na the best time to go buy motor sef
If you know d price of fuel now you will delete that spirit that is telling you to go and buy motor because people that own motors now are not smiling in my area because the price of fuel here is close to #1000. Quote
This government don already dey favour them like this.
Hmmm men no dey smile now because, enjoyment no come dey d country as before, and everybody both d one's that voted for Tinubu and d one's that didn't vote for him, we are all in d same shoe now.
Below na some reviews wey The Punch Newspaper been do with people using this gas to power generator & I screenshot am from their website
This gas -> generator solution is not really sustainable. This is Nigeria and what may seem like a solution is only a short term relief. The price of gas itself is going up like fuel is.
Wetin dey sup?
Why the price high again, abi na because of the 8k President say him go give people abi na wetin? Make e no be say this price dey target 1k o
Why the price high again, abi na because of the 8k President say him go give people abi na wetin? Make e no be say this price dey target 1k o
In my opinion, this is only the beginning. Things would continue to get bad and it would escalate very fast. Nigeria was already hard, taking off the fuel subsidy was a big no no. Because there was nothing to fall back on with - Bad economy, amongst other problems.
What's worse is that even if Govt decides to restore subsidy, the price won't go back to sub N200 prices. The country is getting hard everyday for the common man and govt is doing very little about it. I wasn't expecting much positives from this government.
I no even know what exactly is happening, I just wake up this morning see the news, and as I go out to buy fuel I also confirm am, for the feeling station wey I go na ₦620 self them sell their own.
What exactly is the problem here?
Our fellow Nigerians wey get feeling station they quick add money once them see any news, but if the government talk say make them reduce them no go quick do am so I they confuse self.
Now the difference between the price of Diesel and petrol now na just around ₦20-23, whereas Keri don drop to less than ₦400; how poor man wan take survive?
Omo. This thing is really getting out of hand oh, because when we thought things are getting better, na that time them dey get K-leg, but thank God oh so no be only we wey fight for better government dey suffer am oh, because I'm happy say those thugs wey snatch ballot boxes during election dey follow us feel am wotowoto, and coupled with Tinubu fake bishops and those wey been collect 5k each to thumb print for A.P.C dey follow us buy the same fuel for #620. What exactly is the problem here?
Our fellow Nigerians wey get feeling station they quick add money once them see any news, but if the government talk say make them reduce them no go quick do am so I they confuse self.
Now the difference between the price of Diesel and petrol now na just around ₦20-23, whereas Keri don drop to less than ₦400; how poor man wan take survive?
However, I just have to thank God and the person wey bring about the new update of using gas to power electricity oh, as that update have really save a lot of person whose businesses depend on using electricity, as they now have to spend less and yet still achieve the same result, and if you never dey use am, na you know wetin you dey wait for.
Below na some reviews wey The Punch Newspaper been do with people using this gas to power generator & I screenshot am from their website
I hear say price of fuel don go up...I am dancing. 8k for each household go help people well well. This one na the best time to go buy motor sef. I see say this Tinubu government dey favour people wey vote am na only PO supporters and other people wey vote the other candidates the fuel increase nor favour. Like this now Tinubu go roll out buses for people wey vote am. This government don already dey favour them like this. I say congratulations to everybody.
Oya make I go back go drink my garri flakes
I hope you get the sacarsm
I no even know what exactly is happening, I just wake up this morning see the news, and as I go out to buy fuel I also confirm am, for the feeling station wey I go na ₦620 self them sell their own.Oya make I go back go drink my garri flakes
I hope you get the sacarsm
What exactly is the problem here?
Our fellow Nigerians wey get feeling station they quick add money once them see any news, but if the government talk say make them reduce them no go quick do am so I they confuse self.
Now the difference between the price of Diesel and petrol now na just around ₦20-23, whereas Keri don drop to less than ₦400; how poor man wan take survive?
Wetin dey sup?
I just enter social media today wetin I dey see wey dey trend na petrol @617 naira. I no too understand the gist. At the time wey people dey expect say price of petrol go find way drop, na em de price dey high more?
Although I never confirm for filling station because I never commot since morning. Anybody don confirm for station?
Why the price high again, abi na because of the 8k President say him go give people abi na wetin? Make e no be say this price dey target 1k o
I just enter social media today wetin I dey see wey dey trend na petrol @617 naira. I no too understand the gist. At the time wey people dey expect say price of petrol go find way drop, na em de price dey high more?
Although I never confirm for filling station because I never commot since morning. Anybody don confirm for station?
Why the price high again, abi na because of the 8k President say him go give people abi na wetin? Make e no be say this price dey target 1k o
I hear say price of fuel don go up...I am dancing. 8k for each household go help people well well. This one na the best time to go buy motor sef. I see say this Tinubu government dey favour people wey vote am na only PO supporters and other people wey vote the other candidates the fuel increase nor favour. Like this now Tinubu go roll out buses for people wey vote am. This government don already dey favour them like this. I say congratulations to everybody.
Oya make I go back go drink my garri flakes
I hope you get the sacarsm
Oya make I go back go drink my garri flakes
I hope you get the sacarsm
All these fuel subsidy things, na the poor dey suffer the pain more with the increased cost of living and same minimum wage wey dey across the board no dey help matters at all. If govt wants to do something like this, the best way to do it is to ease it to the people. No be to enter the office and make life even harder for the common with no plans in the interim wey fit help common man suffer in this hardship. At the end of the day sha, the rich will continue being richer and the poor go continue to suffer. Even this Dangote refinery we are hoping on, I won't be surprised if it ends up having little to no effect on the economy or if corruption doesn't let it have its full impact.
Buhari government don already remove the subsidy secretly. na Tinubu government come make am open but the mistake wey Tinubu do na not to explain why the subsidy is been removed. If to say, em explain give Nigerians, we for understand the need of the removal of fuel subsidy removal. By the way, Peter Obi intends to remove the fuel subsidy if to say em be president.
You see this fuel subsidy of a thing, em the work for the rich not but work against the poor masses. Now wey FG don remove the fuel subsidy, the time don come to adjust the system make em work for the poor even if em go inconvenient the rich people. Wetin I want be sae make the FG utilize the subsidy money wella. No be after everything, wetin still d happen, still the happen for the country.
Their might be some truth in what you said that president Buhari secretly removed the budget for fuel subsidy because na wetin one of Tinubu spokeperson been talk be that after de subsidy removal palava but you know say politicians too dey lie well well to cover their ass. I still get some questions... The word "secretly," na only de president and very few others dey see the budget for the year? Also, before person come out for a very vital office like the office of de presidency, him no suppose do research know about de budget for fuel subsidy before him come out come dey cap any how? Because as I yan before e get video wey PBAT say him go remove fuel subsidy during him campaign. But e go just dey too bad say him start him administration with suffering and lies.You see this fuel subsidy of a thing, em the work for the rich not but work against the poor masses. Now wey FG don remove the fuel subsidy, the time don come to adjust the system make em work for the poor even if em go inconvenient the rich people. Wetin I want be sae make the FG utilize the subsidy money wella. No be after everything, wetin still d happen, still the happen for the country.
I didn't see what PBAT did as a bad thing but before speaking loudly they would have confirmed that our refineries are in order to start refining fuel before announcing the sudden removal of fuel subsidy. Oya just take a look at the panicking everywhere with the hike increase of fuel price all over the country, yet those our refineries aren't working and I don't know how fast and how grown to be of the Dangote refinery to start refining fuel for the nation to start using.
The refinery wey dem say e never dey ready and e no clear if e go dey ready this year, say na just ribbon cutting exercise for president Buhari to come commission leave office make e be like say na under him administration dem start and finish de project.
In a corrupt environment, expect anything to happen there, when the people lack the confidence in full delivery of their leaders, things like this will not be found wanting because everyone will likely take advantage of the opportunity against others from their own capacity, i think there's more need for coordinating authorities to give support to fighting for the interest of the people through unification of all aspects of the economy such that non should be found lacking behind, some buy the fuel very low and sells high immediately they hear the change in price and no one to caution them.
I didn't see what PBAT did as a bad thing but before speaking loudly they would have confirmed that our refineries are in order to start refining fuel before announcing the sudden removal of fuel subsidy. Oya just take a look at the panicking everywhere with the hike increase of fuel price all over the country, yet those our refineries aren't working and I don't know how fast and how grown to be of the Dangote refinery to start refining fuel for the nation to start using.
That is why to me I usually say "Our people often implements the right thing at the wrong time" Which has started taking negative effects on Her citizens, same thing happened during the Naira Redesigned were it happened that we all bounces back to start using the old Naira Note and the New Notes together which I think is causing serious problem currently because the rate at which the counterfeit of it is flying everywhere is too alarming.
That is why to me I usually say "Our people often implements the right thing at the wrong time" Which has started taking negative effects on Her citizens, same thing happened during the Naira Redesigned were it happened that we all bounces back to start using the old Naira Note and the New Notes together which I think is causing serious problem currently because the rate at which the counterfeit of it is flying everywhere is too alarming.
why selling old fuel with new price?
Normally na so business be. If you hear about the increment of price for market you no need to allow your former product finish before you increase your price too. Why is it like that? If you no increase the price and you wan wait for your former product to finish that means you no go see new product buy again since the price don increase for market and your money no go reach again.
This na lie. Na because the government dey inefficient and ineffective to monitor wetin people wey dey sell petrol dey do and in fact wetin business people dey do with products wey dem buy. Na masses just dey carry or the load through increment. Government suppose dey control price through the necessary board but na who go do am when dem dey corrupt.
Before I come to petrol own, shebi we know say some people wey dey sell some things like food stuffs, beverages etc, there products dey spoil for there hand if them no sell am quick and in this instance, dem go reduce the price so dat dem fit sell am out quicker, so na who dey pay dem back the difference when dem go buy new one?
Another thing be say if companies dey bring new products for market against the existing old one, customers dey rush the new one and that one most times make the seller to keep the price of the old and new differently.
Now for petrol as marketers dey rush change to new price because make dem for fit buy for new price when dem make order, that na lie. On a normal, new price is suppose to be bought with new price and sold in new price. If dem increase price, you buy based on the new price and sell so as well. Anyway, the regulation for petrol market and control really need some touch for things to make sense.
I greet una my fellow 9ja people with maximum respect. No be new thing again say the new administration of PBAT don announced the removal of subsidy and the thing dey cause noise everywhere sortey NLC wan embark on strike. The matter long but make I cut am short and tell una something wey we need to know about the whole issue as explained by the NNPC for their verify Twitter handle link.
why price increase wey June never end?
From the report, we hear say former president Buhari signed till June 30th to cover for the subsidy but that date never reach and the price Don sky rocket reach #500 and above. Wetin cause am? NNPC say since 2022 govt no drop money for the subsidy and govt dey owe them 2.8trl reach this moment, na dem dey use their money to supply the fuel na why dem increase the price now make scarcity no con dey.
why selling old fuel with new price?
Normally na so business be. If you hear about the increment of price for market you no need to allow your former product finish before you increase your price too. Why is it like that? If you no increase the price and you wan wait for your former product to finish that means you no go see new product buy again since the price don increase for market and your money no go reach again.
why NNPC dey fix price?
NNPC say e no dey fix price for anybody. Na you wey dey sell your market go determine your own price depending on how you sef see am buy no believe anyone wey tell you say na NNPC dey fix fuel price for sellers.
na like this we go dey buy fuel at higher price dey go?
No! This price hike no go continue like this dey go. E go dey change as people are buying and the sellers too go soon dey reduce the price in order to attract more customers to their side. The problem here be say we dey easily adapt to things for this country
how Dangote, NNPC and other refineries fit help the matter?
Plenty things go take place if dangote refinary begin dey work now and more extra better things if govt own refineries are revive also. Fuel go choke everywhere plenty if we start the refining for ourselves, work go dey for our youths and our GDP go begin smoke to high like kilode 😂
https://www.talkimg.com/images/2023/06/03/wF4aN.jpeg
The above contents was culled from the image share by NNPC in the Twitter link provided above in this post with a little modification for better and to aid understanding more easily.
Removing subsidies was a good move, although there was no time when the country was paying for subsidies. You shouldn't create more problems when you are trying to solve one. Mr. President should have put measures in place before making such announcements. People are really suffering. why price increase wey June never end?
From the report, we hear say former president Buhari signed till June 30th to cover for the subsidy but that date never reach and the price Don sky rocket reach #500 and above. Wetin cause am? NNPC say since 2022 govt no drop money for the subsidy and govt dey owe them 2.8trl reach this moment, na dem dey use their money to supply the fuel na why dem increase the price now make scarcity no con dey.
why selling old fuel with new price?
Normally na so business be. If you hear about the increment of price for market you no need to allow your former product finish before you increase your price too. Why is it like that? If you no increase the price and you wan wait for your former product to finish that means you no go see new product buy again since the price don increase for market and your money no go reach again.
why NNPC dey fix price?
NNPC say e no dey fix price for anybody. Na you wey dey sell your market go determine your own price depending on how you sef see am buy
no believe anyone wey tell you say na NNPC dey fix fuel price for sellers.na like this we go dey buy fuel at higher price dey go?
No! This price hike no go continue like this dey go. E go dey change as people are buying and the sellers too go soon dey reduce the price in order to attract more customers to their side. The problem here be say we dey easily adapt to things for this country
how Dangote, NNPC and other refineries fit help the matter?
Plenty things go take place if dangote refinary begin dey work now and more extra better things if govt own refineries are revive also. Fuel go choke everywhere plenty if we start the refining for ourselves, work go dey for our youths and our GDP go begin smoke to high like kilode 😂
https://www.talkimg.com/images/2023/06/03/wF4aN.jpeg
The above contents was culled from the image share by NNPC in the Twitter link provided above in this post with a little modification for better and to aid understanding more easily.
I know sae so many people no d in support of the removal of subsidy removal but if am to say, fuel subsidy na the biggest scam wey don happen for the country. I d happy sae, FG don kukuma remove am finally.
Buhari government don already remove the subsidy secretly. na Tinubu government come make am open but the mistake wey Tinubu do na not to explain why the subsidy is been removed. If to say, em explain give Nigerians, we for understand the need of the removal of fuel subsidy removal. By the way, Peter Obi intends to remove the fuel subsidy if to say em be president.
You see this fuel subsidy of a thing, em the work for the rich not but work against the poor masses. Now wey FG don remove the fuel subsidy, the time don come to adjust the system make em work for the poor even if em go inconvenient the rich people. Wetin I want be sae make the FG utilize the subsidy money wella. No be after everything, wetin still d happen, still the happen for the country.
The pump price of fuel throughout the federation.
Buhari government don already remove the subsidy secretly. na Tinubu government come make am open but the mistake wey Tinubu do na not to explain why the subsidy is been removed. If to say, em explain give Nigerians, we for understand the need of the removal of fuel subsidy removal. By the way, Peter Obi intends to remove the fuel subsidy if to say em be president.
You see this fuel subsidy of a thing, em the work for the rich not but work against the poor masses. Now wey FG don remove the fuel subsidy, the time don come to adjust the system make em work for the poor even if em go inconvenient the rich people. Wetin I want be sae make the FG utilize the subsidy money wella. No be after everything, wetin still d happen, still the happen for the country.
The pump price of fuel throughout the federation.
Fuel subsidy removal no be bad thing, mind you say no be Tinubu government remove subsidy, 2023 budget only carry money for subsidy reach half of this year, wey be June, thus normally money no suppose dey by this June to continue payment for subsidy, anyway our new president just affirm say him government no dey renew fuel subsidy, say nothing like that in his adminstration.
Having said that, the government gats get to work immediately, removal of subsidy go give them chance to focus on other sectors of the economy. Why Naija government they borrow Dangote money to build his refinery when all the government owned refineries no dey work, if to say all of them they work, including Dangote's own, fuel go choke na, and the price go come down, e hard for me to understand our government sometimes.
Having said that, the government gats get to work immediately, removal of subsidy go give them chance to focus on other sectors of the economy. Why Naija government they borrow Dangote money to build his refinery when all the government owned refineries no dey work, if to say all of them they work, including Dangote's own, fuel go choke na, and the price go come down, e hard for me to understand our government sometimes.
The Dangote refinery go help solve some problems wey we dey face and not just the fuel scarcity from the way I see am. E go stop us from importing diesel and other useful petrochemical products and date alone don save the nation over $26bn for foreign exchange.
Na beta tin wey come town be dis and o hope say dis pain wey the removal of the fuel subsidy dey cos, e go help to less am.
Na beta tin wey come town be dis and o hope say dis pain wey the removal of the fuel subsidy dey cos, e go help to less am.
I don't think it will solve any problem, the reason for this subsidy is for dangote to maximise profits, for example cement was way cheaper in nigeria until dangote monopolies the whole cement sector, if we can be truthful to ourselves dongote is one of Nigeria problems.
I go just say the whole thing tire person and that na the wayo wey government dey do the masses. Old government say them pay for subsidy reach June ending and new government remove am or begin to implement one month before time. So now who dey full who? Who dey talk true? Abi dem wan kuku start to carry the money when morning never break. Government no be serious people business.
The Dangote refinery go help solve some problems wey we dey face and not just the fuel scarcity from the way I see am. E go stop us from importing diesel and other useful petrochemical products and date alone don save the nation over $26bn for foreign exchange.
Na beta tin wey come town be dis and o hope say dis pain wey the removal of the fuel subsidy dey cos, e go help to less am.
Na beta tin wey come town be dis and o hope say dis pain wey the removal of the fuel subsidy dey cos, e go help to less am.
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