Subsidy removal and all you need to know

[knowngunman]

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 😂

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.

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[SatoPrincess]

I no really know much about politics behind fuel subsidy removal, but I remember clearly when President Goodluck Jonathan wanted to remove fuel subsidy and the people protested for days which made him change his stance. Today President Tinubu in his first day in office removed fuel subsidy and the people have surprisingly become rational and seeing things from a different perspective. I wonder if all those who protested against fuel subsidy removal during Jonathan’s administration have all suddenly changed their mind on the subject.

[SmartCharpa]

I no really know much about politics behind fuel subsidy removal, but I remember clearly when President Goodluck Jonathan wanted to remove fuel subsidy and the people protested for days which made him change his stance. Today President Tinubu in his first day in office removed fuel subsidy and the people have surprisingly become rational and seeing things from a different perspective. I wonder if all those who protested against fuel subsidy removal during Jonathan’s administration have all suddenly changed their mind on the subject.

As them no get choices again naija problems don tired everybody with the way things dey cost day by day in this country if them no change their mind for the new elected president to removal fuel subsidy we know no how this country own go take be, las las most of them wey protested during President Goodluck Jonathan time them too go dey regret now, na why this country matter sometimes no be waiting person go dey put mouth say him support this and that.

[sokani]

I no really know much about politics behind fuel subsidy removal, but I remember clearly when President Goodluck Jonathan wanted to remove fuel subsidy and the people protested for days which made him change his stance. Today President Tinubu in his first day in office removed fuel subsidy and the people have surprisingly become rational and seeing things from a different perspective. I wonder if all those who protested against fuel subsidy removal during Jonathan’s administration have all suddenly changed their mind on the subject.

I watched one of PBAT videos during the presidential campaign where he bragged that if he becomes president he would remove subsidy and he would also be unperturbed by series of protest from aggrieved nigerians. So if we want to go by what he said... Subsidy removal has come to stay.

Like dis some people dey talk say de subsidy removal na beta tin but na naija wey dey. How are we sure say after we don suffer all dis suffer finish our govt go do the right thing? Me no really get problem with dis new development but naija na one country wey be say de price of things for we country dey defile de law of gravity, if e don go up e no dey come down again.

[Agbe]

You really tried 4 di info. Dis fuel palava na wahala be dat I'm so kwantri now. My area, some people dey even say no bi President Tinubu Removed di fuel price while other people dey no bi Buhari. But me I know say no Buhari and Tinubu come dey implement am fully so na the both men do am. As Buhari start am Tinubu can still cancel it as president. Fuel subsidy na good thing but I no support am because mostly we do Niger Delta. The oil is taking from di area yet we are not benefiting any and probably na only di fuel subsidy we been dey benefit. Now di fuel price in my locality is #700-800 per litre. Very soon the poor and the average Nigerians can not buy fuel again.
For the Dangote Refinaries. Make nobody put hope for there. Di Refinaries wey im build at di Northern part of di country e no dey sell fuel in di kwantri but im dey carry am go outside kwantri dey sell dem. Dangote cements wey dem dey sell am very cheap in other kwantries, dem dey sell am #5000 in Nigeria. Anything Dangote , I no won hear am with my hears.
He is one of the problem in Nigeria. He is also joining di ruling class to suffer the poor. Dangote can discuss with the president to reduce cost of living in the kwantri but he is very happy when the people are suffering.

[Davidvictorson]

Personally, I no get any qualms with the fuel subsidy removal. This one na matter wey don dey ontop table since former president, Goodluck Jonathan dey Aso Rock. But wetin happen be say den bully am into not removing the subsidy. Removal of subsidy dey okay, infact, Yaradua been do partial removal the time wey fuel been N65. But wetin Tinubu do na like putting the cart before the horse. This one na him make the hardship come triple. Zero plan him nor put in place. Even NNPC wey follow adjust their price talk say him nor suppose just remove am like that without any other measure to cushion the sudden removal. This one be my qualms. Right now sef, nobody sabi as how this thing to take end wey be say the positive side of the subsidy, Nigerians go come start to dey enjoy am. Nobody.

 

[Hyphen(-)]

Like dis some people dey talk say de subsidy removal na beta tin but na naija wey dey. How are we sure say after we don suffer all dis suffer finish our govt go do the right thing? Me no really get problem with dis new development but naija na one country wey be say de price of things for we country dey defile de law of gravity, if e don go up e no dey come down again.

The subsidy removal na very good thing wey be say if to say them remove am since, we for don see more development because the money wey dem they pump go for that subsidy pass the money wey them they allocate for education and health sectors, and na our rich people they enjoy the subsidy since them get money to buy at subsidize price come send am out to our neighboring countries for more gains.

I know say some people no de satisfy with the subsidy removal due to hardship and financial situations, but with time everything go they alright even though we no they try for ourselves, but this time I am sure our economy will take a good shape.

[SatoPrincess]

I don lose faith in politicians and I always dey skeptical of anything them talk or dey do, bad experience don kill the trust between the government and her people, na the country where we find ourself nai cause am. I dey talk to my lawyer friend today about the fuel subsidy, and our dear learned colleague just dey give me reasons why him feel say na the best way forward BAT make so. I no fit argue with am because anything I talk go seem bias because I want PO to represent us at that level.

[Liliana1304]

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.

[Gozie51]

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.

[Dewchim]

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.

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.

[Coyster]

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.

[Marykeller]

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.

[Sharonchy]

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.

[Gozie51]

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.

[SmartGold01]

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.

[Doan9269]

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.

[sokani]

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.

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.

[nelson4lov]

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.

[Davidvictorson]

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