Topic: Tribulations Nigerians are going through from the removal of subsidy (Read 118 times)

The funniest thing about this matter be sae, the FG wants the price of goods and services to be reduced by her citizens, but them no wan use ear hear sae, fuel is to be reduced by them first, the moment d do that, automatically price of goods and services go everly reduced by the citizenry.

The main problem wey get for this country na because our leaders are greedy. You go see a leader who found joy in the suffering of others, and em still d live happily with their family without conscience of the poor masses. Anyway sha, this tribulation wey everyone they face for our country so, na big lesson give everyone that we are not supposed to vote because of tribe, money or belief. We supposed vote as the citizens of a country who want the betterment of country, irrespective of the tribe or religion.

In di first place we no suppose to get anything like fuel subsidy for imported finished products because all our refineries suppose to de work. Di main problem of Nigeria, na corruption in high places and di corrupt politicians no go let progress to de for di country so dat dem go de get opportunities to de steal money. Where I take give up for Nigeria, fuel and refinary matter na wen dem no let Dangote, private refinary to work because e go disturb dem to de import substandard petroleum products.

Our leaders no get better plan for us odawise how new government go just enter power and dem go just comot fuel subsidy without putting anything inplace to cushion di effect wey e go get on di economy. I no support fuel subsidy but di timing wey our government take remove am na im follow put us for dis hardship wey we de face today. I even hear say di subsidy don return but how e take help us as citizens of di country. Fuel price don reach all-time high of 1000 naira per litre and we still de for suffering and smiling. Nigeria, matter don tire me, we need good leaders wey go cause a paradigm shift for our economy.

If I Dey think about dis country, I go just lose hope sometimes, because d way things just Dey go, it’s really getting worst, and I no Dey sure say things go better now ooo. Fuel subsidy was removed, but dem no set up things wey go make people no really feel d subsidy wey dem commot, and Wetin Dey pain me pass be say, d subsidy wey dem stop to Dey pay for fuel, na still people still Dey chop d money, no be say dem go use am do better thing, and d refineries wey suppose work for dis country, people wey Dey benefit from importation of fuel no go allow all d refineries wey we get work, I even hear say our president get refinery for another place, so abeg how d one wey Dey our country wan Dey take work?

Fuel subsidy removal If it were for good cause, it could have been better because the money should have been channelled to other things that could have aided the living condition of the citizens, but no, all they did was make the move so that they could have more money that could be looted and their private pocket gets fatter. 
 
The political play in Nigeria won't allow them to do things that will favour the common people; they always take advantage of every given opportunity. It's not as if they don't know the effect of the fuel subsidy removal, but they did it anyway. Refineries that they promised to fix and get running—how many are active now? None. This is because one man is eating a large percentage of all the importation they do on the refined oil.

Is not only bet shop that have had increase on operational cost, literally all business are experiencing this hike in Nigeria at the moment, what most business are doing now is to adjust to the new reality. Concerning fuel subsidy the Government is overwhelmed, it's looking like they don't have solution to issues affecting fuel subsidy, because in their confused state, they've decided to give out the Kaduna and warri refinery to private organization to run it, that tells you they are not having the capacity run it hence the privatization. However the major issues affecting business is the issue of energy, once there is enough supply of electricity, businesses can easily run on low operational cost.

Is this topic about the economic crises in Nigeria as a result of the fuel subsidy you mentioned, or is about the cost of running a bet shop, because if it about bet shop operational cost and it increasing charges, then we can say we need to move the topic to gambling discussions, and if it about the hardships in Nigeria as you said as a result of Fuel subsidy removal that means you need to locate the Nigeria local boards for relevant discussion.


But also we need to know that globally, things are getting hard each day and that is because of global inflation since the end of covid 19 the world have faced severe inflation and rising cost of living.

when you have an hidden motive behind the removal of fuel subsidy, it's going to be an audio policy that wouldn't have any physical reflection in the society. Administration after administration we keep talking about our refinaries and yet nothing serious is being done about it. If at least a few of the refinaries are working, it would have helped a lomg way to help the rate of unemployment and the way we've continue to export things we should have been refining locally. At this point we've gotten to a point where even after the said makes a particular statement, we should at least ask them what they mean by those statement because the rate at which they diverge from what they've promised is totally alarming and strange. Removal of fuel subsidy that's supposed to make things much easier for the masses now turns out to be the starting point of the misery and plight of the masses.

this is the main reason why small scale business that needs light for most of her activity are currently suffering and getting a very small amount of returns at the end of sales. Though I find the figures you've given thier quite outrageous, how much do they make a month that will be enough to sort out these kinds of expenses and still be enough to get as profits? Instead of spending 19500 per week on fuel regardless of the kind of shop I'm running, I will rather add up some money and buy a solar inverter that's going to be more efficient than federal power and generator all combined. The interest rate for loans that SMes can use in starting up thier business have been made too high for the common man to buy and when you want to start up with your hard earned money, how can you even cope up with all these expenses.

Nigeria is indeed in the middle of a great tribulation.

It is a sad thing that is happening in Nigeria and although it is not a political discussion things were always bound to increase even if subsidy was still in place. Unlike the situation in some other countries where the government are looking for ways of cushion the effect of the inflation on citizens, Nigerian government are ignoring even though they know the solutions. Instead of complaining alone, we have to take conscious steps to better our lives, and one of this step is investing in bitcoin because bitcoin is not controlled by the Nigerian government. Investment in bitcoins can be a step to wealth.

Hey there sorry to say this is about Nigeria and I suggest you should moved this topic to the Nigerian local board, however I may also say that this topic has been previously discussed over there and if you moved this over there I doubt it would be locked by mod. So my overall contribution is that you should engage yourself more on the Nigeria local board to get yourself involved with more local news and latest happenings. Here is the local board link https://bitcointalk.org/index.php?board=275.0

Welcome to the forum Nwisangha12.

Should we assume that you are Nigerian?

I'm sorry to hear what you are saying, unfortunately it is not the only country where things are getting hard due to an inflation that seems to be global.

Were you planning to open a business? how do you think cryptocurrencies or Bitcoin can help you to get out of the current economic downturn?

I wish you the best of luck.

Ever since subsidy was removed from Nigeria  cost of goods has been going up on a daily basis, and the government are saying or doing nothing about it, country that has crude oil and other mineral resources will be going through serious inflation,as big as Nigeria not one single refinery is working,if refinery's are working actively in the country there are every possibility that cost of goods will drop down,God blessed Nigeria with almost every thing except one thing which is leadership which is the most primary thing in a countries, if the government of Nigeria can be able to bring back subsidy investors will starts investing in Nigeria, take a very good look at agents that owns bet shops, two years ago they were running their shops weekly with sum of#45000 or #50000,but as we speak to run a small bet shop today in Nigeria,every week will cost you not less than #195000 .And at the end of the day your devidenc will be smaller than your expenses which is not suppose so , Nigeria government should look this subsidy issues and do something about it before it gets out of hands.