NewStats: 3,265,532 , 8,187,120 topics. Date: Sunday, 15 June 2025 at 03:52 PM 3nj1j

Ofunaofu:


Where are the over 300 subsidy buses of president Jonathan?

1. The subsidy removal was not total plus oil prices started crashing in 2014, and then more money was diverted to raising subsides.

(Originally the subsidy removal would have been total. Protests made it partial then it returned.)

2 That meant that the thing could not be sustained.

This is not too a good one.

We lack visionary leaders.

You know that you plan on removing subsidy next year.

Contract for these gas buses should hv been made since early this year, so that by now they will be distributed to various states.

Now you are giving Contract for only 100buses. Will that be enough for only Abj or Lagos?

We hv a lot of assembling companies in Nigeria.

There's nothing absolutely wrong in giving them Contract to supply all the states in Nigeria 100 of these gas/diesel bases, instead of the prospective corruption ridden N5000 to be given to poor Nigerians which will be hijacked at the end of the day.

jimyjames:

Are you genuinely happy for innoson or you just made this comment to attract nagetive response towards igbo's?

haters will see it as a negative comment, their hate is what has rendered tem unproductive

I don't know about this subsidy of a thing/scheme whatever.

What is the advantage(s) and disadvantage(s) of fuel subsidy removal sef?

The bloody revolution that will follow this proposed increase in fuel price will be irrepressible and unprecedented.

Igbos are greater than every tribe in Nigeria,am a Yoruba but i reject my skull mining ewedu tribe

where road wey d buses go oh?

isaiah4life:
Igbos are frontiers of development.

I'm not an Igbo guy but I just love igbos and their development spirit. Their value make government chase them with investment prospect.

do u really love me or scope ka iji aram

DaveHarry:
I don't know about this subsidy of a thing/scheme whatever.

What is the advantage(s) and disadvantage(s) of fuel subsidy removal sef?

How subsidy works.

The petrol industry refines fuel at a cost price A per liter of fuel while government makes it sell fuel at a cost price less than the cost price A called pump price B.

To compensate the industry for its loss of selling fuel at a price below the cost price A, government pays them a subsidy which in theory covers the difference between prices a and b

However the cost price a always rises because of salary increases, increased costs of maintenance, increased transport costs, costs of upgrades to refineries etc.

So the difference between the cost price a and pump price B rises. That means subsidy has to either rise as well to cover the loss, meaning

1.government eventually diverts money from other sectors of the economy to pay for the subsidy

2. Goverment allows price increases in fuel price to a point where they can still pay a subsidy and keep price at pump B below price A or the cost of production A per liter.

3. However cost of production keeps increasing, so the subsidy keeps increasing to keep the price low,and the cycle continues

4 At some point government starts cutting costs by skimping on refineries maintenance meaning refineries break down which means we end up importing

5. Also because subsidising fuel means in principle that the oil industry cannot earn a substantial profit, that means that new refineries cannot be built. And no investors are going to come and build a new refinery a and sell at a loss, which goverment subsides won't cover for them.( And unlike government refineries, private refineries have to source their money)

6. That in a nutshell is how subsidy works and why it should go.

7. Of course the major disadvantage of subsidy removal is a massive increase in food and transport prices.

So this pple are still going ahead with removing subsidy.
Will these buses help put gas in my house GeN or shop GeN?

Putindbutt:

End of the day, the engines would still be manufactured in China while the parts of the buses assembled in Nigeria as usual. Nothing new here.

And so?? Your kinsmen fit manufacture side mirror??

Energy is key to our economy...every business uses energy, making it hard for Nigerians to afford fuel, will lead to decline in economic activity and decline in spending and taxes.

Removal of subsidy on fuel will affect Nigeria's economy adversely...every small shop has a generator, every Nigerian has a small generator that he buys fuel for everyday. Government should ensure 24hrs power supply, before thinking of removing fuel subsidy.

Is it because of IMF advice that is making our government remove the subsidy?

IMF is a private club, they are only concerned about making profits off loans they give to poor countries, they don't care about our economy or lives.

200million Nigerians use fuel everyday, government should not destroy our economy just to keep money for corrupt governors and political office holders.

RichDad1:
How’s this possible ? I thought Buhari and APC hate Igbos?

They didn’t do it out of love, the act was purely born out of necessity

jimyjames:

Are you genuinely happy for innoson or you just made this comment to attract nagetive response towards igbo's?

Negative response kee you there. No matter how much you hate something or someone, you will still find one or two qualities that you will find worthy in such a person or thing.

So how many of these buses will serve the whole country,I this same thing was said during the last istration but I ask:Where are the buses Jonathan promised.Humans never change and they keep dominating their fellow man to their ruin

JaySterling:
Please delete this post

Afonja’s won’t like this nau abeg

They will get heart attack

Abeg I no want make hospital full with patients tomorrow

Delete this post now

This ain’t necessary bro

I wish innosen will start domesticating the manufacturing of the heavy mechineries it uses for its production and the vehicle parts.

Anambra people are second to known will it comes to entrepreneurship and creativity.

We don't want foreign made cars in Nigeria .buy naija grow naira

RichDad1:
How’s this possible ? I thought Buhari and APC hate Igbos?

The Buhari hates ibos mantra serves the same function as the GEJ hates Hausa and Muslims mantra of yesteryear

Scare people into voting for the right side.

It doesn't matter that Buhari had an Ibo running mate in previous elections, or that Gej worked well with a Hausa Fulani president and a Hausa vice President, or that both of them appointed people from the tribe they are supposed to hate to high positions.

Plus if I were President of Nigeria, I would try to back domestic industry as much as possible. When we had companies like PAN an VON, previous leaders patronised them and did not import cars for government use

Look past this:
They have money to buy hundreds of buses.

But don't have money to fix our refineries.

backbencher:


How subsidy works.

The petrol industry refines fuel at a cost price A per liter of fuel while government makes it sell fuel at a cost price less than the cost price A called pump price B.

To compensate the industry for its loss of selling fuel at a price below the cost price A, government pays them a subsidy which in theory covers the difference between prices a and b

However the cost price a always rises because of salary increases, increased costs of maintenance, increased transport costs, costs of upgrades to refineries etc.

So the difference between the cost price a and pump price B rises. That means subsidy has to either rise as well to cover the loss, meaning

1.government eventually diverts money from other sectors of the economy to pay for the subsidy

2. Goverment allows price increases in fuel price to a point where they can still pay a subsidy and keep price at pump B below price A or the cost of production A per liter.

3. However cost of production keeps increasing, so the subsidy keeps increasing to keep the price low,and the cycle continues

4 At some point government starts cutting costs by skimping on refineries maintenance meaning refineries break down which means we end up importing

5. Also because subsidising fuel means in principle that the oil industry cannot earn a substantial profit, that means that new refineries cannot be built. And no investors are going to come and build a new refinery a and sell at a loss, which goverment subsides won't cover for them.( And unlike government refineries, private refineries have to source their money)

6. That in a nutshell is how subsidy works and why it should go.

7. Of course the major disadvantage of subsidy removal is a massive increase in food and transport prices.

But has this subsidy of a thing not been there since independence? What economic benefits are we going to get from subsidy removal since the same subsidy will be evenly distributed to the masses and not everybody earns from govt. Curious to learn

isaiah4life:
I genuinely made this post to acknowledge what is good. I am not hypothetical in my comment. I mean every word. I am from the north but sincerely love them for what they do and represent.

Make I deviate small. Wait ooo! Who go do giveaway for me na? December don come ooo. I gats buy something oooo yes ! But also praise the government for lifting up innosspn with this contract!

africanman85:
But has this subsidy of a thing not been there since independence? What economic benefits are we going to get from subsidy removal since the same subsidy will be evenly distributed to the masses and not everybody earns from govt. Curious to learn

I'll be brief. I am getting ready for church

1.Subsides have been around since the 1970s ..and not just on fuel.( There are subsides on education and health, which is why government universities dont charge fees in the millions like private universities).

2.Removing subsides means profits will be made to provide more refineries, expand and upgrade existing ones and bring in more jobs.


For more information click link below

Link

Grace001:
Even the FG is trying to pity the masses in advance, because the kind of hardship and suffering that will be inflicted on the masses starting from February 2022 won’t be child play.

But it’s nothing to worry about, Nigerians have a coping mechanism to adapt to new level of hardships and suffering. The government know this fact

Brace up… Price of all commodities will skyrocket, because fuel is an important input in the production process, especially in a country like Nigeria where power supply is epileptic.

Eku ipalemo hardship and suffering

Abeg shut up

moscobabs:
Indeed Buhari hates Igbo

And from what tribe is the minister of transportation?

Realhommie:
Innoson can actually make good city buses. I back in 2013, boarded a city bus, one of the many which Uduaghan bought to help Deltans with alternative/cheaper transportation,it was an Innoson bus. It was actually my first time hearing of the brand i think. Very nice and modern bus just like the picture in the OP so i have no doubt in his ability to deliver something of good quality.

On the side, my people will flood this thread with so much chest beating oooooo. How it is that they're the smartest, most business savvy tribe in the universe, hehehehehe. I have seen them complain so much of not getting patronage from the government etc, I hope they'll give kudos to the NNPC here.

This is indeed one of the surest ways to grow the economy. Nice one NNPC.

lol they'll never give credit. Accept for the reasonable ones who are leaving in the north, getting married, attending there church in peace while doing there business.

onojaford:
Really interesting to know that Innoson knows how to Do or has always had a genuine desire to DO. Innoson deserves every good it gets. They made plastic chairs successfully. Even motorcycles too. Even spare parts. They've been grinding in good service wayback. Innoson all the way!

the owner is dogged

Yet they'll still hate and claim the government hate them even when they are cashing out on same government.

Nonsense

This is a welcomed development

Grace001:
Even the FG is trying to pity the masses in advance, because the kind of hardship and suffering that will be inflicted on the masses starting from February 2022 won’t be child play.

But it’s nothing to worry about, Nigerians have a coping mechanism to adapt to new level of hardships and suffering. The government know this fact

Brace up… Price of all commodities will skyrocket, because fuel is an important input in the production process, especially in a country like Nigeria where power supply is epileptic.

Eku ipalemo hardship and suffering

No be wetin GEJ promised dem, but dey go Ojota dey dance palongo dance. By de time bubu finish Nigeria next level go get measurement.

This is nonsense. Fg is playing with the masses. Yo want to cushion the effect of subsidy removal and you are ordering for just 100 buses. Shame on those leaders. We have 37 states ABJ included, that is 2 buses per state. Shame on govt. We have 774 LGAs no single bus for them. Govt is earmarking 2.8trillion to transfer to presume poor. Yet 2.8trillion can build at least 2 new refinaries and nigerians will not import again. If dangote will build why cant nigeria govt do more than it?