NewStats: 3,261,785 , 8,175,133 topics. Date: Friday, 30 May 2025 at 02:03 PM 375946

Kenyan President William Ruto says President Bola Tinubu’s decision to remove petrol subsidy moves Africa forward.

Ruto spoke at a high-level event for African leaders with the theme “Africa’s green industrialisation” on the sideline of the ongoing COP28 in Dubai, United Arab Emirates (UAE).

He said African leaders need to make more of such difficult decisions that will stabilise their economies.


“I want to congratulate my colleagues, heads of state – the President of Zambia for many steps they have had to take to stabilise their economy,” he said.

“President Tinubu here, who has had to make very difficult decisions, including the removal of subsidy.

“We all have to make such difficult decisions to get Africa moving and I want to promise here that we will gather the courage to make the right decisions so that Africa can match into the future.
“And also partner with other regions of the world as we tackle the challenge of climate change, and as we create opportunities for young people so that our young people don’t have to get into dangerous routes to go to other destinations.

“We want to create jobs, we want them to get equipped on our continent and continue working on their continent.”

He added that investors and development partners need to know that Africa has green investment projects and is ready to use renewable energy to turn the existential threat facing the continent into opportunities for investments, job creation and development.

Ruto said African presidents need to work together to attract the potential of green energy to the continent.

The Kenyan president said some companies are already stepping forward to invest in Africa because they see the “tremendous potential, opportunities, and businesses that exist on our continent”

https://www.thecable.ng/ruto-tinubus-decision-on-petrol-subsidy-removal-needed-for-africas-development/amp

So who says we no longer have subsidy?

You removed subsidy and petrol is 680 and diesel is 1200

Dey play make una dey play

Nigeria is paying more subsidy today than we have ever paid in our history we are paying over 550 per liters

It never moved anything forward oga

Hmmm
And stifled the economy
Which way

Ok oo

Ódè

Where is the money that he saved from subsidy removal?

Is that what he used to sponsor hundreds of people on a fun cruise to Dubai? 🤡

Just imagine wickedness!

Qudus and I have been on this street, moving mad just to defend the mandate.

But it has reached time to go Dubai, dem go pack people that didn't even know when the February election was held

This injustice is heart-wrenching and impossibly distasteful.

😭

Nice

Africa blessed but poor.they love crooks and thieves.imagine a country president refers as druggie

William Ruto worst Kenyan president ever showcasing his myopically foolish self . Kenyan really got it bad this time , no wonder all Kenyans are running to middle east lately to do house cleaning job for the Arabs, because this fool just like Tinubu sabotage Kenyan economy completely.


Uhuru Kenyatta will be laughing at Kenyans now, because he warned them that this dunce has nothing to offer them.

Tinubu is currently paying more subsidy than Buhari and yet we are still buying the fuel over 3 times the price of Buhari's government...

MEEVEET:
So who says we no longer have subsidy?

You removed subsidy and petrol is 680 and diesel is 1200

Dey play make una dey play

Nigeria is paying more subsidy today than we have ever paid in our history we are paying over 550 per liters

so what is the price correlation of petrol and diesel are they of the same price?

William Ruto is as clueless as Tinubu, if not worse. The only difference is that Kenyans Voted for Ruto and are seriously regretting it. However, Pablo Ecowas was not voted for by 70% of voters. Therefore, only agbado miscreants can wail, howbeit in silence.

Jagaban

I understand that subsidy regimes are massive corruption structures that scare away free market investors, and that removing them is like freeing self of a bottleneck. But the problem is that, I don't think any underdeveloped country can develop by playing the good boy of the economics textbook of IMF and other Breton woods. I suppose we need a combination of positive, ironclad, interventional and massive government machinery and a merit based, development -hinged private enterprise to achieve true development. Even the American govt, the leader of the developed world, is still subsidizing some of it's industries and nurturing them for international competition/national self sufficiency. Why would we discard the much needed public -private partnership model on the basis that we cannot defeat and remove the abuses that come with it?

... Good for African development? But Nigerians are not feeling the good "development"

Oloriburuku Kenyan president. Aye e maa baje ni!
Ugly thing like Hallbarsellkey of Edo!
Ewenu werey kuduru-kuduru bi enu furo adiye!
See his pointed mouth like fowl anus!
You see say daddy Bulaba is still failing and you dey praise him!
Container fall on you!

This makes me to President Mugabe who would've looked Tinubu on the face and tell him the bitter truth not this small European puppets we have now in Africa giving themselves pat at the back.

Truth is, subsidized oil should be a RIGHT in Nigeria owning to the fact that petro and diesel are tied to electricity generation in Nigeria. Millions of businesses in Nigeria rely largely on it for power generation and survival. A Nation that has stable electricity can't remove subsidy and Nigeria with no power supply will follow suit.

All over the world, govts subsidize essential products and commodities for it's citizens. Oil producing nations like Algeria, Angola, Libya and Egypt all sell cheaper subsidized fuel in Africa

Subsidy is still being paid and collected.
Just that the beneficiaries are now determined by the presidency.

jadeliyi:


so what is the price correlation of petrol and diesel are they of the same price?

Petrol is always 90% to 95% price of diesel

These leader are only think of their-self not masses. What are the positivities of the difficult decisions he made brought to the country? It only allows him to save the yacht

MEEVEET:
So who says we no longer have subsidy?

You removed subsidy and petrol is 680 and diesel is 1200

Dey play make una dey play

Nigeria is paying more subsidy today than we have ever paid in our history we are paying over 550 per liters

Yep, there is still a partial subsidy being paid.

Nigeria go better!

Another president of Africa underdeveloped and poorest country has spoken

nairalanda1:


Yep, there is still a partial subsidy being paid.

If you call over 500 er litre partial then no problem

Even in life you have to make difficult decisions. Nothing ventured, nothing gained.
The problem is no one believes the government is doing it for the people's sake. So far, they still have not showed any reason to.

Nigeria will work !

MEEVEET:
So who says we no longer have subsidy?

You removed subsidy and petrol is 680 and diesel is 1200

Dey play make una dey play

Nigeria is paying more subsidy today than we have ever paid in our history we are paying over 550 per liters

Exactly. What's the landing cost of petrol today? The landing cost of petrol and diesel is not much different. If diesel is selling at N1200/litre without subsidy, petrol should selling for at least N900 without subsidy, but is selling for between N600 to N650. So who is paying the difference?
NNPC and the government is just hiding the fact from Nigerians.

1.Tinubu did a partial removal, not a full removal of subsidy.

2.His hand was forced anyway. The loans taken for the past 10 years or more have caught up with us, and the IMF was not going to give us any more loans until we did something

3.Anyway, I wait till Dangote and company all come on stream. If fuel is still costing below N700 after, my suspicions would be heightened.

Anyway, never ever trust a Nigerian politican.

P,S : The truth is subsidy has to go completely. But the truth is, African leaders don't know how to take hard decisions.