Rotus Vs Rufai On Fuel Subsidy Removal
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- čas přidán 30. 05. 2023
- Rotus Oddiri said fuel subsidy should be instantly removed and the government should be careful about transferring subsidy to palliatives. Rufai Oseni argued that fuel subsidy should be removed in phases
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Good discussion. It is very simple, Rotus is looking at it from a market impact perspective (i.e., payday for those who are plugged in to the financial matrix and aggressive capitalists) and that is his job.
Rufai is looking at impact of flawed implementation from a people and society well being perspective, that is also his job.
Ultimately each Nigerian will feel the impact of a flawed subsidy removal implementation (can any one remember the naira redesign implementation?) either you cash out or you lose out..
For those struggling to grasp this intellectually - a policy in of itself could be good or bad, what matters more than anything is its implementation. Does the subsidy have to go? Newsflash it is already gone because Buhari left no budget for it, however there is enough subsidised fuel to keep us going for months.
Therefore there is enough time to implement its formal removal without creating chaos and further unecessary hardship.
Well said; but I think part of it is political posturing. Basically tell a faction of the nigerian elite that has been feed fat, there is no in the farm house.
@@olayinkabankole745 Oh agree totally. There is definitely posturing thrown into the mix, probably the main reason it was announced that way!.
Though I suspect it's only the currently out-of-favour faction that will be blocked from further farm house proceeds, the currently in-favour faction will have a field day.
This is why I love VW this station .who is the resource personal manager ..the chairman must increase the personal manager salary for recruiting brilliant minds that each time they open their mouth ..wisdom oozes our like sweet savoury perform for the enlightened minds ..kudos for informative n excellent debate or argument between the panelist . Rufai u r too much ooo wetin u no get knowledge about nah only death n rigging or thuggery.
Rotus is an economic pragmatist, and Rufai is a populist. The tenets of Populism is damn expensive to implement and maintain
The Economist won the discussion.
Big Love Brother u are a Real MAN With A Positive Vision For Mankind But in De Abundance Of Water the FOOL Will Always Be Thirsty
Trekking has become an hubby for me these days.
Brother please are you serious or joking? Honestly I'm almost shedding tears even as a man as I am typing this
@@akannisunday1739 Same here o
@@akannisunday1739 same for so many of us.
What Rotus is saying should have been done BEFORE subsidy removal. What Rufai is saying is that the way it is being done will impoverish many ordinary Nigerians. How much is minimum wage? Even if you stop using your generator you will still use transportation and buy foodstuffs and all these will be hiked without any correspondent increase in wages. How will the poor survive? Add this to the floating currency which has caused a free fall in naira valuation and inflation in the markets is terrible. All in all, Rotus is talking from a rich person's point of view forgetting that the general populace is sliding into poverty on a daily basis. The middle class is almost non-existent at this point leaving a huge chasm between the rich and the poor and bolstering these kinds of viewpoints from the rich as they are even more out of touch with the people suffocating beneath the poverty line
Rotus and his likes have started with their economic ' grammar '. Exactly what they did with Buhari
Na today I confirm say this Rotus no get sense.
Lol 😂
Channel the money to health, infrastructure and all my foot. Money that will be looted.
Removal of subsidy without proper and sound immediate plan will only lead to crises and policy somersault
In retrospective, now that we have at least 6 months since (partial!) removal of petrol subsidy and events are unfolding right in our eyes across the country, whose argument is more cogent and is self-fulfilling: Rotus or Rufai?
Seriously speaking maybe I’m the one that doesn’t understand how these thing works
We consume avg 60mill litrs per day which is 60mil x 180 = 10.8trl
With subsidy removal
60mil x 630 = 37.8trl
37.8trl minus 10.8trl = 27 trillion/ day from subsidy removal alone
And yet we are still borrowing. 🤷♂️
The funds are being diverted. It is a very simple thing. We all know this but who will bell the cat? So we talk around the issue as if we don't understand what is happening but we all do. We know what is going on behind the scenes.
Importantly the poorest cannot cope based on their wages: this is what we who are in the private sector must address. More importantly: Nigerians do not trust their leaders past or current to ensure that even crumbs from this bigger pie will get to them. So they are the ones who tighten their belts but once there is an improved economy, the leaks take over again. The insatiable greed of the political elite must be curbed. It must be dealt with, it should not be allowed to continue to run riot. This is what will give the people confidence that these measures will make a difference
I can see kayode looking very serious 😅😅😅
An economist vs a realist.
Rotus is intelligent
Is he still intelligent??
Sorry, Obama care is not funded exclusive from taxes from the rich. It is funded from the general taxes because the rich in America barely pay their fair share of taxes. I leave in the state of New Jersey and I have my insurance from my employer but I still contribute into Obama care...
Finally someone is giving crazy Rufai a run for his money. Rotus is smart and articulate.
What he is saying should have been done BEFORE subsidy removal. What Rufai is saying is that the way it is being done will impoverish many ordinary Nigerians. How much is minimum wage? Even if you stop using your generator you will still use transportation and buy foodstuffs and all these will be hiked without any correspondent increase in wages. How will the poor survive? Add this to the floating currency which has caused a free fall in naira valuation and inflation in the markets is terrible. All in all, Rotus is talking from a rich person's point of view forgetting that the general populace is sliding into poverty on a daily basis. The middle class is almost non-existent at this point leaving a huge chasm between the rich and the poor and bolstering these kinds of viewpoints from the rich as they are even more out of touch with the people suffocating beneath the poverty line.
This guy sounds mad 😢.
Rotus is correct and objective. Rufai is seeking public acceptance hereby aligning with the public. Rotus is speaking from a professional angle. Rotus won! Rufai try again. However, this discuss is healthy for knowledge
Is rotus still winning???
What Rotus is saying should have been done BEFORE subsidy removal. What Rufai is saying is that the way it is being done will impoverish many ordinary Nigerians. How much is minimum wage? Even if you stop using your generator you will still use transportation and buy foodstuffs and all these will be hiked without any correspondent increase in wages. How will the poor survive? Add this to the floating currency which has caused a free fall in naira valuation and inflation in the markets is terrible. All in all, Rotus is talking from a rich person's point of view forgetting that the general populace is sliding into poverty on a daily basis. The middle class is almost non-existent at this point leaving a huge chasm between the rich and the poor and bolstering these kinds of viewpoints from the rich as they are even more out of touch with the people suffocating beneath the poverty line
Are you sure?
Rufai is proven right. Nigeria is experiencing an economic meltdown presently.
That think that can afford. U only think
Guy all this English!!!! Fix light give the regular Nigeria man light and food
Rufai that I know will not let you talk,he's so bent on passing aspersions on Tinubu administration,he's been paid by the labour party so don't expect any good word from him concerning this government
Arindin ni e , what rufai is saying is affecting you , he said for them the middle class they can afford to buy in higher price while the lower class won’t be able to buy in higher price and the concentration should be on lower class that you belong to, is that why he hate tinubu ?
That's not true. It is you that should not let partisanship blindfold you
Just like APC and your father Tinubu has robbed you of your humanity. Nonsense
@@tayoobiwale5801don't mind the idiot. What's there to like in Tinubu? Their shame dey shame people
@@tayoobiwale5801 thank you for replying him.
Rufai, always seeking public approval by sounding verbose that approach works for people who don't see beyond their nose.
Are you sure about that?
That's why you're buying fuel cheaper than Rufai right?
Rotus abeg give rufai proper knowledge economy. Instead of this his conservative ideology
Can you afford the new petrol price or you are too broke to get a car😅
Na Yoruba comment as usual. SMH
@@wonderfulera63490 don't say Yoruba Abeg. Rufai is also Yoruba. You don't generalize
Rufai is only popular being he only says the negative thing about the country and people generally love to hear the bad news about anything and everything. He just is a sceptic, sarcastic cynic.
The nigérian state is benefitting you na, why won't you talk rubbish?
@@wonderfulera63490 abi
You are right
Rotus is very brilliant and non partisan. He is way ahead of Rufai and Ayo intellectually. He should be on the morning show.
U think say fluency laced with big English na intelligence. Na wash.
All the conscience-less Tinubu supporters , haters of what is good and human, will click the like button for this corn eater😅
Is Rotus still intelligent?