NewStats: 3,261,620 , 8,174,535 topics. Date: Thursday, 29 May 2025 at 07:37 PM 1o12p

President Bola Tinubu, at his inauguration on May 29, 2023, announced the abolishment of the subsidy on PMS, popularly known as fuel.

Ever since, it has been a bragging right of Tinubu and officials of his istration.

I had in my statement reviewing the one year of the Bola Tinubu istration urged the government to come clean on the actual position of the subsidy policy.

These were my exact words: "...provide clarity on the fuel subsidy regime, including the fiscal commitments and benefits from the fuel subsidy reform and the impact of this on the Federation s. It is curious that since April 2024, fuel queues have mounted at many filling stations across Nigeria, and the infamous ‘black market’ has sprouted in several states. How much PMS is being imported and distributed, and at what cost? What is the implicit subsidy?"

If the subsidy regime had been characterised by opaqueness, what would we say of a situation where the subsidy is still being paid under the cover without Nigerians in the know?

Like millions of Nigerians, I was shocked to learn through media reports that
the “government is still ing downstream consumption.”

Now we know that expenditure on fuel subsidy may reach N5.4 trillion in 2024, compared to the N3.6 trillion spent in 2023, the same year that Tinubu claimed to have abolished fuel subsidy

I wish to restate that Nigeria is not working, and what we have had in a little over a year is a cocktail of trial-and-error economic policies. Paying subsidies and lying about it is nothing to brag about. Nigerians deserve better than this deception. -AA

Atiku Abubakar

It is just pure wickedness, increase pump price, yet subsidy is still being paid.....

Tinubu and those Apc online thugs ers are the problem of this country.


After 1yr of tinubu failures, theyre still defending rubbish and doing tribalism

Lol

Tinubu is a fraudulent,unintelligent,incompetent man who like his predecessor was fuelled by a propaganda of lies about their qualifications,antecedents and capacity.
He has nothing to offer and is now so confused he no longer knows what to do not still pretending to have an idea of what he is doing.

Pablo ESCOBAT is a crook
He came to steal, kill and destroy

I really wished Atiku Abubakar won the last presidential election. That man was best prepared out of the three major presidential candidates to govern this country.

Nlfpmod, Tinubu just unwittingly put Nigeria in excruciating pains......

Omooba77:
It is just pure wickedness, increase pump price, yet subsidy is still being paid.....

"Like millions of Nigerians, i was shocked TO LEARN through MEDIA REPORT that bla bla bla". That's coming from a man using your heads to play table tennis, a former vice president for that matter yet couldn't understand what was written in simple English or make his own findings to ascertain the facts, what a shame!.
This old man has been goofing lately, his media team is quite incompetent.

-Kiss the truth!

I didn’t blame tinubu for announcing subsidy is gone, one thing is to announce it and another thing is to implement it, initially his team denied it and fine tunes it to mean something else but later they accepted that announcement after meetings between themselves which means it was a deliberate decision supervised by poorly thought individuals, the reason was that tinubu don’t want to get involved in subsidy scams,

their mistakes was that they never even thought of the new price the fuel will be if they removed the subsidy just like that. They never ask or investigate properly of the landing cost. but only saying dangote refinery is coming and IMF was endorsing the subsidy removal and it was the best decision for the government and so they think at the time.

And Even the government were surprised when the NNPC announced the new pump price of petrol as they never even thought it will get to N500 in the first place, Everything was poorly done by fools. The dangote refinery is coming mantra get to their head without even asking themselves alot of questions about the dangote business model and operation cost.


If they have better teams. That could have been corrected by tinubu stewardships. But i was surprised they all praised him for the bold step. Oshiomhole was at the far front. Even when the Vice President was advising them to pay partial subsidy they said no. This government will not be part of subsidy. Rather they came up with palliatives to cushion the effects, palliative was the perfect decision by the committee’s which was highly praised by tinubu mercenaries here on nairaland. It was then I know these guys don’t even know what they are doing. But they called us names.

They said state government is now having more money after they destroyed the economy but in actual fact they are more poorer.

70009 was 100$ before tinubu enter office but today 70000 is 40$. Increasing state revenue less than 100% means the states are more poorer than he met them due to inflation. The price of cars and food in the last one years have tripped it means everyone poorer even if tinubu increases allocation by 100%.


In conclusion fuel subsidy removal is the least of our problem. The major problem is the weakly exchange rate. If exchange rate is fixed. Subsidy or no subsidy the fuel and everything else will be cheaper for Nigerians

Una go explain tired

Tinubu has caused untold hardship on Nigerians for nothing.

This is so painful because he was rigged in

Omooba77:
It is just pure wickedness, increase pump price, yet subsidy is still being paid.....

This is very commendable from Alhaji Atiku. This is how opposition is played, not like the Agulu champion that move around like a noisy market woman.

I bet if Obi asked this question, no one will take him serious although it's critical one because his voice is already lost in his daily cho cho cho. Even the media don't listen to him again. That one will be behaving like a social commentator. Obi clearly has no team or advisers.

I'm sure Tinubu will respond to Atiku. Atiku is voice of the masses in this istration.

EponObi:
If dem call this one Twitter influencer or blogger now, his followers will start crying. Nothing Presidential about this dude, afi bi pure water.

With the currency crises you'll expect the government to pay more....

The druggie is simply irresponsible with that little Hitler called wike that aids all his bad decisions.

For the benefit of those who do not understand the earlier report, , a few weeks ago, the President inaugurated the economic stabilization team with the Minister of Finance as its Chairman. The team was given a mandate to come up with possible solutions to mitigate the impact of ongoing reforms and fast track economic recovery. Hence, the minister came up with a PROPOSED PLAN to spend about a PROJECTED 5.4trillion on fuel subsidies in a PROPOSED ECONOMIC STABILIZATION PLAN DOCUMENT. The PROPOSED PLAN to be implemented within one to six months will tackle inflation and further increase the purchasing power of the populace.
However, it is the prerogative of the President and FEC to either approve of it or not.

-Kiss the truth!

Hehehe, Atiku yhu say Wetin? Una go wait for clarification tire.

Enjoy Una ApC

He never promised us anything so we shouldn’t expect anything, all he said is that it was his turn and that was enough to convince some people

Emergency lovers of Nigeria would say atiku is attacking tinubu cos he failed 2023 election

Omooba77:


Atiku Abubakar

They continue to lie and deceive of not paying subsidy, portraying himself as MACHO man, who had the ball to stop subsidy. Hope those kids can see why we said TINUBU has no capacity, but they claimed he built Lagos. Someone that is not different from baba Eko, half baked, No St Paul Aroloya, No GCI, University of Chicago denied him, even Chicago State University had a record of female, but because of religion and ethnicity, they put bead in the wrong buttock.

A

baba MIKANO still dey vex over 2023 Election

This one is a desperado. No matter what Atiku, you will never rule this country till you die. I will still vote for Tinubu over and over again rather than you. All these old men should allow us try younger men. Atiku has nothing to offer Nigeria.

EponObi:
This is very commendable from Alhaji Atiku. This is how opposition is played, not like the Agulu champion that move around like a noisy market woman.

I bet if Obi asked this question, no one will take him serious although it's critical one because his voice is already lost in his daily cho cho cho. Even the media don't listen to him again. That one will be behaving like a social commentator. Obi clearly has no team or advisers.

I'm sure Tinubu will respond to Atiku. Atiku is voice of the masses in this istration.

Alhaji Atiku is smarter than Obi his political son so it not surprising.

He has been in the game since the 80s. Don't blame Obi, he is still new and honestly you can't give what you don't have.

He will catch up with time.

👀👀👀👀eBOLA and CLARITY in same sentence is a BAD JOKE And GROSS ABBERATION!📢📢📢📢
# el druggie has only come to STEAL, KILL AND DESTROY 💯💯💯💯📢📢📢

Very necessary.

Bekermann:
I really wished Atiku Abubakar won the last presidential election. That man was best prepared out of the three major presidential candidates to govern this country.

Don't be fooled.
It's very easy to criticize or sound patriotic and intelligent when ur not on the hot seat.

Was atiku not in charge of our ports at one time?

Me wey I no sabi play ball, if u hear me dey analyze or criticize players and game play ehn, u go think say I be former footballer.


As VP what did he do that was very magnificent?

Take note that there was plenty money during his time o. And less debt

dnt mind the THIEF.

Barrywilly:
This one is a desperado. No matter what Atiku, you will never rule this country till you die. I will still vote for Tinubu over and over again rather than you. All these old men should allow us try younger men. Atiku has nothing to offer Nigeria.

TimeManager:

"Like millions of Nigerians, i was shocked TO LEARN through MEDIA REPORT that bla bla bla". That's coming from a man using your heads to play table tennis, a former vice president for that matter yet couldn't understand what was written in simple English or make his own findings to ascertain the facts, what a shame!.
This old man has been goofing lately, his media team is quite incompetent.

-Kiss the truth!

what are the facts that need to be ascertained?

can you pls explain to us what was written in simple english?

TINUBU IS STILL PAYING SUBSIDY.
THE CORRUPTION HE WAS HOPING TO CURB BY REMOVING SUBSIDIES IS ALIVE AND STRONG.

THE PEOPLE BUYING THE PETROL ARE STILL PADDING THE PETROL BUDGET
THE FEDERAL GOVERNMENT IS STILL DISCOUNTING THE ACTUAL COST.

TINUBU GOVERNMENT SHOULD BE TRANSPARENT TO NIGERIANS.
TELL THEM THE TRUTH ON SUBSIDY PAYMENT.

Bullfallo:
I didn’t blame tinubu for announcing subsidy is gone, one thing is to announce it and another thing is to implement it, initially his team denied it and fine tunes it to mean something else but later they accepted that announcement after meetings between themselves which means it was a deliberate decision supervised by poorly thought individuals, the reason was that tinubu don’t want to get involved in subsidy scams,

their mistakes was that they never even thought of the new price the fuel will be if they removed the subsidy just like that. They never ask or investigate properly of the landing cost. but only saying dangote refinery is coming and IMF was endorsing the subsidy removal and it was the best decision for the government and so they think at the time.

And Even the government were surprised when the NNPC announced the new pump price of petrol as they never even thought it will get to N500 in the first place, Everything was poorly done by fools. The dangote refinery is coming mantra get to their head without even asking themselves alot of questions about the dangote business model and operation cost.


If they have better teams. That could have been corrected by tinubu stewardships. But i was surprised they all praised him for the bold step. Oshiomhole was at the far front. Even when the Vice President was advising them to pay partial subsidy they said no. This government will not be part of subsidy. Rather they came up with palliatives to cushion the effects, palliative was the perfect decision by the committee’s which was highly praised by tinubu mercenaries here on nairaland. It was then I know these guys don’t even know what they are doing. But they called us names.

They said state government is now having money money after the destroyed the economy but in actual fact they are more poorer.

700 was 100$ before tinubu enter office but today 700 is 40$. Increasing state revenue less than 100% means the states are more poorer than he met them due to inflation. The price of cars and food in the last one years have tripped it means everyone poorer even if tinubu increases allocation by 100%.

Exactly,he want to be seen as a strong bravado leader in his inauguration not knowing that Nigeria as a country is best govern with brain.
To make matters worst he is and was always surrounded by sycophants who only qualification was being a praise singer to be in his circle. That man Tinubu is afraid of competent people who don't lick his feet and that's why he sideline Fashola after the election.
Expect no miracle from Tinubu till 2027/2031, he lacks the brain for it

That's it. Na only for nigeria we have old and new national anthem, two democracy day celebrations, old and new notes(nigeria naira) being in use the same time