Business Segment: Rotus Vs Rufai On Fuel Subsidy
Вставка
- Опубліковано 21 лип 2024
- ARISE News Business Analyst Rotus Oddiri reviews fuel scarcity queue in Nigeria Subscribe to our Channel for high profile interviews. Follow us on Twitter at / arisetv |
and Instagram: / arisenewsofficial |
and Facebook: / arisetvnews |
Check out our website www.arise.tv
When I watch unrehearsed debates like this, I cant help but appreciate quality education. Gosh!!!!
True.
You are correct
Preach!!!!!!!!!!!!!!!!!!
Absolutely 💯. Quality education is everything
Two great analysts. Knowledge and understanding are profitable...
Rotus: let’s suffer now then maybe enjoy later
Rufai: we are already suffering so let’s suffer gradually and enjoy later gradually
You gerrit bro
This was how buhari decieved Nigerians for 8 years for you be ready to suffer
Mark my world it can never get better in nigeria 🇳🇬 the leaders are heartless
It seems you are new in Nigeria. History has shown that nothing good comes out of policies like this. That same hole of unaccountability will swallow it up. Remember toll gates, remember prior increases in petroleum price? It's the same talk. But nothing comes out of them beneficial to Nigerians
This how debates should be. No cursing, no abuses, no BS. Point counter point. I love it. Rotus, name your favourite Urhobo food, I'm buying. 😊
Rotus is brilliant and economically sound.. 🎉
Sound analysis. Though Rotus lacks proper knowledge of the effects of the subsidy removal on the poorest of the poor. It is not about him having money to buy fuel which we all know he belongs to the middle class, its about what happens to the poorest of the poor?. They should be a short term provision to cushion the effect on the poor just like Rufai rightly argued. Also, some economic measures should be put in place to make the price of fuel competitive that includes giving licences to some oil firms to setup modular refineries and standard refineries to keep the market open and competitive and in a way shuts monopoly.
Monopoly is a monster; let the government not create a bigger monster by trying to kill a monster. The government is building their hope on Dangote refinery- it ought not be so. Give licence to other indigenous companies to run modular refineries and standard refineries to help saturate the market with fuel so as to bring about checks and balances on price in the market. Our economy is built on oil so leaving the strength of the economy for a single firm to dictate breed disaster.
This long term benefits only work in a country where there's a sincere system to check corruption.
Exactly my concerns too. If our leaders are sincere and citizens' interests driven, everyone will soon begin to understand that subsidy removal is not totally evil. But will our leaders spend the subsidy funds judiciously?
Samuel, u have hit the damn nail on the head. Results are only possible in a country with a system that works. Nothing works in Nigeria & all these fien debate on TV means nothing, compared to the sickening corruption in Nigeria. Its the same ppl in govt who will work against the system for their personal gain. We have seen it all before
Rufai is not just a seasoned journalist but also am sound Economist. Sir you are versatile. This makes clear sense. Rotus talking about the risk of transferring subsidy by providing palliative cannot be substantiated. You can't leap from 185 naira to 515 niara (almost 300% increase) cost of fuel and expect the low income earners not to feel the brunt without something to cushion the effect. Unless you want to deploy the heard-immunity style- where everyone suffers the brunt and the weakest can cave in along the line until stability is attained. There should definitely be a palliative to manage the effect of complete removal of subsidy. Such sensitive issue as removal of fuel subsidy should be done with well thought out plan so as not to jeopardize its intended gains.
Love these guys ,intelligent people,please stop comparing these two guys ,Rotus is an economist who is damn good at what he does,Rufai on the other hand is a tank brain on varieties of issues.Remember this discussion is about economics and clearly this is Rotus field. Plainly all the team including Kayode and Ayo are all intelligent journalist no one can brush aside anywhere in the world.Arise News is just so different .
There's difference btw someone analyzing things based on economic realities and somebody playing to the galleries and whipping up sentiment and emotions by repeating what he has rehearsed . We Nigerians want a better society and good governance without having a clue on how we can get it done
@okeoja4447 Well said but your point is still not valid like the person you replied. People of likeminds were ask to speak in favour or against and u are here talking about sentiments or emotions? Rotus does business reporting for a living, so there is no way he won't come with economic facts but most times, economic facts nd principles application doesn't solve the real human existential issues.
This is not "The higher the price the lower the quantity demanded". There is no way you will speak in support of suffering masses and wouldn't sound emotional because humanity comes b4 anything even though economic realities doesn't regard those sentiments.
Honestly this is the best show i've watched out of Nigeria for a very long time- Quality education is important, God bless Nduka Ogbaigbena for recruiting brilliants minds like this--
I completely agree!
And they voted a president that knows nothing
God bless him.
You people still continue your hatred. I pity you!
Please bring Rotus more on this platform. This guy is knowledgeable, factual and not being political.
Yes, he is so much sensible than the guys who just glibly condemns the decision and get applauded by those who have no clue like him.
@@oladinioyebadejo389 he represents the Elites and Rufai represents the common nigerian streets who the odds are agains.
Rotus is an agent of Tinubu
Watch him!!
@@estherifyikwumelu4113 Rufia represents Labour party
@@estherifyikwumelu4113 Rufai just got his match here... Sorry, I think he's ahead of Ruffy boy.🤔
This rotus guy was calm and talking from a knowledgeable stand point
Rufai was pushing for subsidy removal when he thought that Peter Obi would win, not that Tinubu has announced that. Oil Subsidies will be removed. He is now questioning the decision.
@@sulaak he said nobody is against it
@@sulaak the point is having a subsidiary measure, some sort of package that help smooth transitioning of subsidy removal,
Take for example the cashless we experienced, it's a good thing but the analysis didn't play out so soomth, the lower class suffered for it.
Try and be neutral, both men made great points which helped to understand the situation at hand, I learnt from both.
@@preshcollins6192 we all know why rufai is saying all this things.
Rufai is a hypocrite
@@sulaak ina go just de raise stupid tension.
Who says Subsidy shouldn't be removed?? Mtchew
Two great guys, intelligent argument but I agree more with Rufai we should consider the plight of poor Nigerians.
TINUBU supporters= Rotus dealt with Rufai
Reasonable and Intelligent Nigerians =Rufai and Rotus spoke from different perspectives
I'm telling you 😂
Isaiah wey get sense nai u be
Una go align later. No rush am.
Normal😂
I swear
You got it right
Tinubu supporters full here with their Yoruba names😁😁😁
(#i want peace but I also want some vawulence😁)
great discussion here. need more segments like this
Rotus brought balance to the discourse.
It's good and interesting
This Mr Rotus is very intelligent and a superp journalist, look at his analysis wow!
If this is not true journalism, I wonder what is. Kudos to this team, highly intelligent argument. Mad Respect and kudos to Arise News
Rufai is a broadcaster and not a journalist.
@@awaiye 🤣🤣🤣🤣OK oooo senior journalist
With a fertile mind of a young man like Rotus, my hope of a better Nigeria 🇳🇬 has been rekindled.
Kudos to Rotus. Very smart dude!
Omo foolishness
@@nobleihuoma how??
😂 some of you love Rufai so much that you can't see his ignorance. He is not an economist.
Rotus is great communicator but there's so much to leadership than a dictator using selective honesty to disarm your prey and that's where I love Rufai his trying to help him understand and see better. As a leader you have to be humble in your decision so as to accommodate everyone because without them you are nobody a President without a country
The truth is regardless of when or how the president removes the subsisdy it will affect the economy and people while suffer it. However, it is in the hands of other Nigerians to help each other get through the short time of recovery.
Best comment ever
I agree!
You're wrong
What rufai said was exactly my submission and I just got to here about it now. Tinubu doesn't know what he said 1 bit. We're all in this disaster together.
Nope, no thanks. Nigerians should promptly face the politicians that created their problems.
One of the best segment I’ve watched on Arise channel. Balanced and different perspectives. Thank you Rufai & Rotus !!
Thanks guys, for the good job you are doing for those of us in diaspora, and a big thank you particularly for this analytical debate. Bright minds! Clear vision. Keep it up.
Trust me, education is not a scam. Healthy debate from 2 brilliant people here. They're both right if you look at it from the angles they're coming from...logical (Rufai) and economical (Rotus).
School is the scam, not education
One brilliant mind and the emotional cry baby Rufai
Rufai is a hack. I've watched him for days yapping about how government must (MUST) remove subsidy. Now that Tinubu stated the same thing all these experts are saying, why is Rufai blaming only the President? How about the criminal marketers who are cashing in on subsidy payment up until June but decided to sell at N537 today? Common!
Exactly, spot on👌... logical and economical analysis
@@jolasisi8860 thank u
This is really brilliant. Arise bring Rotus for this kind of conversation. I learnt a lot
The guy is ridiculously brilliant, plus he's very calm!
I concur!
While I totally agree with Rotus' textbook definitions and assertions, I beg to differ that the NAIJA dynamics is no respecter of Economic laws and norms. I have never seen prices return back to its original rates pre-scarcity when supply returns and even surpasses the previous supply levels of goods and services. In developed societies, price increases range between 2% to 10%, but in Nigeria, prices increases ranges between 50% to 200%. Mainly fuelled by greed, by speculations, word of mouth by suppliers of goods and services, and not backed up by any economic permutations.
I mean! Pure water has never been able to revert to N5 again!😂😂 In Nigeria, once prices go up, they NEVER come down.
Thank you. Your comment is on point
You are very right
@@oluwaseyindoh2149 not just Nigeria, it's a constant economic principle that happens across the world.
Naija is in the abnormal bracket. This is why decision about subsidy removal must be taken carefully to ameliorate the effect on the economy and the suffering of poor masses. Ripping of the bandage suddenly is likely to carry a grievous consequences as against a gentle approach.
Great conversation between the two guys! Very impressive
Mr rufai is trying to create more panic, while Mr Rotus is being realistic and optimistic in his assertions which are very factual and on point. I like the way Arise has literarily tweak their antigovernment Show. It appears they want to change and trend along the RENEWED HOPE. No reasonable and patriotic persons would want to be left out. By the way, Mr rufai hasn't really change so much from his imbalanced criticisms and his bad ego is still valid. KUDOS! to everyone anyway. It's a new development from ARISE TV. God bless Nigeria.
Dont be a hypocrite learn to take correction whn the govt isnt doing well.
Rufai is pointing out the error while Rotus is making the error bolder.
Rufai is taking with logic but the other guy is talking with skills , experience, profound, knowledge and area of expertise
U re lost!!!!!😂😂😂😂😂
@@Phatkuz18 He is not! All some of you APC delusional ones are about is to support anybody that seems to diverge with Rufai. Campaign of calumny against Rufai =APC supporters aim
Rotus is talking text book economics that has no place and applications in Nigeria. All things can not be equal in Nigeria to warrant forceful removal of subsidy.
Agbado boys seems to have received a higher pay, the excuses you are giving now is not different from the excuses you gave when Buhari removed the subsidy, continue we die here...
i disagree. Imagine if we had a president like Rufai. Nigeria would be a better place to live in.
Rufai, you are all rounder. You spoke my mind. What did the president say about insecurity before jumping to fuel subsidy removal. Every economic theory can only be applicable 'if all things being equal'. Nigeria is in chamble in all facet, why must fuel subsidy removal be the first. This is just academics exercise according to Rutos analysis. I give it to Rufai.
Rotus is right.
We have to get that shit out and do what we need to get ourselves together.......
Rufai stop interrupting Rotus, let him talk and let the viewers learn....
Rufai just listen and learn and stop just always quick to interjet Rotus...
Rotus, respect to you🫡🫡🫡
God bless you Rotus 🤝....Rufai tried but his too emotional about it. Learn from the experts👌
Simple
Rufai and Rotus are saying same thing rufai is saying remove subsidy but implement programs to cushion the inflation effect and rotus is saying remove subsidy and those who want to cry should go and cry..
Two perspectives: Macroeconomic effects (Rotus) vs real income effects (Microeconomic effects) (Rufai).
Very simple and short
I like Rotus Oddiri's analysis. It is backed with facts. Long term, the benefits are huge with subsidy removal.
What facts are you talking about is it when half of the population is dead before you know the decision is wrong. Nobody is supporting subsidy but the way is done is wrong and this will lead to serious chaos because 70% of Nigeria survive on a minimum wage. Thus tell me how do you want a family with 2 children and a wife to survive when the cost of transportation alone have taken 50% of the monthly salary, and there is also feeding, utilities bills, clothing, house rent, etc that the family needs to attend too. You people are not seeing beyond your nose you don't know that little by little you are encouraging the average Nigerians to engage in illegal act for them to be able to cater for their family.You guys want corruption to go but you don't know you making it worse. The right thing to do is put adequate measures in place then do the needful. I don't understand the economic bullshit you guys are talking about that at the end of the day will not work. See all the stupid policies CBN governor made during Buhari regime and still yet we are in huge debts, the FX keep rising, none of it works.
Unlike Rufai.
@@ehimenoseghale2642u r just a hater,
Rufai only claims to know everything but he was schooled by rotus.
So some people should suffer in the short term?
I ❤ that they are having a constructive argument.
Intelligent debate between Mr. Rufai and Rotus. Thanks to Arise Tv for showcasing some of the best brains in Nigeria.
Thank you, Mr Rufai, for caring about low revenue-earning Nigerians.
Rotus care more about the poor than Rufai's senseless econometrics he's spewing. You think palliatives is a sustainable way to alleviate poverty? You think the bulk of ur grocery costs are on transportation? Energy, overheads, fx for raw materials & Manufacturing Operation Expenses are bigger things to worry about. Even Peter Obi will not listen to Rufai's rubbish. mentality clouded by hatred. Rotus should take him into a room and school him.
It's is my very first moment to appreciate this TV station, I like it when thought come out of the journalist, Route is a great man, he understand economic brilliantly , rufai is trying his best too but he need to learn More, his comment suppose to encourage people not to discourage in as much he believe in this removal of subsidy will help Nigeria grow.
Rufai's job is to speak the truth and he always does that.
Let NNPC officials travel to Ghana immediately to study how Ghana operates its petroleum industry. There is no fuel subsidy in Ghana, and we hardly experience fuel scarcity in Ghana
Subsidy is why we're having fuel scarcity
Please how much is a litre of fuel in Ghana?
How's the price like? Does it follow the price of crude and how often does it change
transport fare is cheaper in Ghana than Nigeria even without fuel subsidy
@@akhibiossie9692 $1USD = 800 Naira
I love this debate and this is what we want to see when we engage with one another. Very brilliant.
Solid argument and analysis by Rotus. The summary is that “it gets darker first before morning arrives”. I’m hoping his speech and the follow-up actions in the first 100 days in office will spark sustainable economic gains.
On to the next key thing - the appointment of aides and cabinet ministers
If you look at it from this angle, it sounds noble. But the question is, do we really need to experience the darkness if there are things we can do to cushion the effects? That's Rufai's argument. Rotus is just talking numbers that doesn't translate to the realities of the common man, while Rufai is talking from the perspective of the Nigerian who has been through hell under buhari and now has to return to hardship on the very first day of Tinubu's administration. There's courage and then there is outright wickedness and tone deafness.
@@curiocityplus8704 reality is we will have to feel it no matter what, it sounds wise to talk of cushion, but from experience things only get slow, and looting prevails.
Doing this now shows he is ready for change.
President Tinubu faced the fear from day one...
Rotus implied.
@@curiocityplus8704 Interesting perspective you bring to the discussion.
Yes, the darkness is inevitable. Unlike developing countries, we don’t have the luxury of funds or time to prioritize “cushioning the effects”. We can’t even afford to wait an extra month.
By almost all metrics, Nigeria is far worse off than we were 10 years ago. There’s no babysitting. What we need is someone who’ll aggressively take the bull by the horn- pull off the band aids. Not just in respect to fuel subsidy but also to infrastructure development, fiscal policy, exchange rate, etc.
To put it in Mr President’s word: “Hit the ground running on day 1.”
@@kenechukwuokwunze6740 interesting take too, but have you stopped to ask yourself this question, is subsiby the only source of wastage in the administration of Nigeria. Go back to the budget of the last ten years and see how mush it cost Nigeria to run the government. Why can't we start there? Why subsidy alone? It's abit delusional to think this government cares about the welfare of the common man.
Fuel subsidy removal should come after refinery fixed / abnormalities fixed
These two guys are too good. I love u guys
wow, great interaction
I'm learning
Me too oooo
God bless you mr Rotus, Rufai always thinks he's the only one who knows it all.......Rotus, you have really enumerate some convincing & symphonising points.......i salute your intellectual points made👏👏💪
Rotus is speaking from an economist point of view.. Rufia is speaking from a common man and reality point of view.. what is a poor mans business with foriegn investors ?
Economists is the realist view.
How much do you think the masses affect Nigeria’s cash flow, maybe by 5%.
No investment, no economic growth, less employment. That’s why a common man knows nothing about the market.
If subsidy has to go, it has to go.
Rufai is not an expert, he’s talking from half knowledge. We all know half knowledge is a disaster.
Just as investors invest in a country that majority of the people have a purchasing power
All sides of the argument were great! Great analysis! This is the reason why I still feel the younger energetic generation needs to take the realm of leadership from the corrupt evil old cargoes whose lives have been heavily subsidized for decades.
More importantly, the whole corruption-riddled fuel subsidy program and oil theft should be probed as part of the larger oil subsidy conversations 😀
Rufia your the bomb 💣 God Bless You More For Always Saying The Truth ❤
What truth?
Rotus. Good analysis. Well done
true but Rufai is with the masses who are experiencing unimaginable hardship.
*Interesting times at the ARISE NEWS studio, hopeful time in the FRN...🙏🙏🏽🙏*
Arise is my morning fresh air...oh! What an amazing argument here..kudos to u guys👍
Bravo you guys are just too much on your analysis very educational and interesting. Keep it up Arise.
It is very enlightening to listen to two intelligent man have a debate and make very viable points.. bravo gentlemen
This would be the most sensible discussion I have seen on this platform for a long time. Both Rufai and Rotus are right to am extent. It's just a difference of ideologies
This Rotus guy is very brilliant.
Fantastic debate with data and different lines of arguments. Respect to both gentlemen and moderator
This is a great and healthy debate. I think this is what we need at the table. The president and the law makers should listen to this and have their own healthy debate and make decisions that would lift up the masses and the country as a whole. Great debate, guys!!!
Mr Rotus is making more sense here, Rufai just want to argue and get the last say.
As expected from my people (Yoruba).. Una too get short-sightedness. You cannot see beyond your sentiments. I pity my people.
My advice, open your mind and learn. These guys are both good. They had a healthy debate. I learnt a lot from both of them.
Mr, Learn!
Femi unfortunately all you have managed to do is display ignorance. They both had 2 separate points - Rotus was on the side of aggressive, market driven captalism.
Rufai's stance was about social impact of bad policy implementation. They both had what is called an impromtu debate.
@@lylatechnologies461 😂😂😂😂😂😂😂😂 they want anybody that can challenge rufai
@@lylatechnologies461 who be this mumu🤔 what has yoruba got to do with my observation?!!!
Two of them are great and smart. The problem i have with Rotus points is that Nigerians are at the pint of death already, now the removal of subsidy means death of Nigerians masses. Tinubu will not do anything, they will still steal all the subsidy money removed. May God help us.
This one just sit down behind a phone and conclude. Tinubu will steal money bullshit.
@@cashmycard5056 don't mind people like dis. They wish themselves bad luck and later blame it on witchcraft.
One knows what he is talking about
Jesus Christ. This Rotus man is incredibly good. My goodness. I'd like to even intern with him.
This Rotus guy is boiling with Econometrics!
The guy Gbona felifeli
Wow I am highly impressed this is a great debate
Make two ofna dey come evertime oo...u dey enlight us abeg..this guys bring best out of themselves
Very interesting debate...we need more of this. Well done Arise👏
I enjoyed the conversation, Arise TV never Disappoint, rufai and rotus keep it up 👍
I thank obaigbena for assembling these brains. this is nothing short of brilliant journalism.
Absolutely brilliant!
Rotus, you are speaking English. The reality is what happens to the common man on the streets and how he is able to put food on his table. You cannot make a statement without putting things in place to alleviate the adverse effects of your actions. So, because you can pay the high pump price does not mean that the road side barber that needs fuel for his " I pass my neighbor" generator can. Removal of fuel subsidy is long overdue but it must be implemented with a safety plan to carry along the less privileged in the society. Point of correction, Rotus, Obamacare is not funded by taxes on the rich in America. Everyone that works in America pays tax.
Good point
They just want anyone that can match Rufai, and they'll be happy
@@EKENE_INNOCENT match Rufai in what exactly? That is bold nonsense. None of the statements Rotus made, resonates with really in our particular case.
Nice way to have a good and quality debate…simple.concise.precise
Respect to you, Rotus, for being objective , Rufai always thinks he knows better than everyone
Beautiful arguments from both men, they both made nice points
Very educative ..... God Bless you ALL
This is the same Rufai that supported the naira redesign then that led to the death and downfall of so many. To him at that time, the naira redesign was a welcome development even though people died, public infrastructure destroyed, shops bunt, banks burnt, so many people suffered etc. Now, he's talking about the cause of the common man with regards to fuel subsidy removal. THIS IS DOUBLE STANDARD.
Very intelligent and information debate. Kudos guys.
Rotus is talking about Trickle-down economics. Sound great but doesn't work.
Now i love this team more ❤
This is my most interested prog av ever watched on this tv
Thank you Rotus to have schooled Rufai ELUU P spokesman on Arise Tv
🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
😂😂😂😂
The way this world is filled with toxic people who hate the truth, if people don’t like you it means you are doing something right. Keep being you Rufai 😊
You think Rufai isn’t toxic ? Lmao you must be toxic yourself
Thumbs up to ROTUS!!! Intelligently educated Rufai.
That guys analysis makes me feel like praying for Tinubu... I think He is having a great decision for Nigeria... God bless the President of Nigeria 😊
You can lie...who you wan deceive...
Rotus is quite sound in economics, these are the sort of young bright mind we need in government.
This is the best nice one guys
It's always great to listen to Rufai
Very interesting convo... Ive learned alot
Rotus and Rufai are both passionate for the same course, good debate and analysis 🧐 however Rufai has a slightly more valid point as people at the bottom needs to be taken care of first. Meaning that the yardstick of all economic reforms and activities must positively impact the ordinary Nigerians.
Ok. May be Rufai can help the government by giving them LOANS WITHOUT INTEREST so palliatives can be distributed to the poor.
I think Rufai's argument is on palliative and bedrock for economic reforms. Well, no (sensible) policy maker will remove subsidy without proper planning. That he didn't inform the public of his plans doesn't mean he has no framework. All these "talk and don't do" is the problem of Nigerian leadership.
I think u have to listen to Rotus' concluding remark; he said "palliative means subsidy transfer".
@@okeoja4447are you a rich man who has no care for the masses or are you some one who is blinded by Tinubu is my tribe and accepts all his bad ideas?
@@Flynn943 #1 this have nothing to do with rich or poor. Its the right thing for our nation to do. Susbsidies have never benefited the POOR , # 2 just wandering what my tribe have to do with supporting the President policy? Should i accused u of supporting whoever u supported based on tribe as well? Pls use your God's given # 2 when making public statements.
@@Flynn943 I believe you are talking like a socialist sympathizer a matter that has been discussed for eight years and you are still saying the masses are not aware. Hard to talk about education in Nigeria if people like you still say things like this
Welldone guyz and to Rotus, Million gbosa 4 u.
Ayo topped it all by the removal of the band aid statement. A time comes when the band aid has to be ripped off but you must put something to sooth it before the final healing
Very informative from both sides... Rotus, Rufai, RESPECT!!!!!
I actually prefer a robust discussion like this compared to bringing party affiliates who come to gaslight and spin all sort of lies. Let's have more of this segment .
Yeah, intelligent conversation that proffer solution
Both are great guys
I am recommending Rotus to BAT, to be among the youths to be recruited in his government in the economic sector. He gave a better analysis of economic ideology. However, while i agree with Rufai to an extent, the fact remains that we need to work on the long term plan and not the short plan. Its fear of the effect of subsidy that hinders Buhari from removing it.
There's no disagreement between Rotus and Rufia. Both wants it to be removed, Rufia want it to be done slowly and Rotus want it to go immediately
Rufai is advocating for proper, not slower implementation.
@@tkspiece2310 interesting you use "proper". I actually would have used that as well, but on a second thought, there's no proper way to inflict pain on the citizens. There could be a slower arguably less painful way. Whether they remove it now or slowly everyone will feel the "Renewed Pain "
@@xixtinthegreat You could be right, though I strongly believe, a well meaning administration, that wants to avoid pain as much as possible, would have planned the removal properly, organised paliatives, met extensively with stakeholders including marketers and NLC.
But hey, this Nigeria, no such thing as a well meaning administration, so you're right really, wether slowly or more organised, if the good intent is missing, it will be brutal.
This is raw economics and marketing debate at play here. Rufai! 🙏🙏
Thank you Rotus, brilliant guy
Nobody is doing the palliative thing forever... Just for the moment till the results of the investments begin to show...
This guy taught Rufai some basic economics
Rufai stated his point at the end. Basically, it takes time to see the benefits of the removal and the lower class bear the burden. That's his point. So maybe the president should have started with the insurance plan first e.g health, b4 the removal. That short term period would be worse for some people.
Yes kenneth smart... bankole hope you learnt something here
I agree with Rufai the bottom ladder has to taken care of first,not just the rich, this subsidy only benefits the rich, How do you grow an economy when the government keeps making policies that continue to keep majority of its citizens in poverty.
So whats your suggestion?
Did you digest the debate At all? This subsidy is more effective on the rich even though it will take a turn on the people at the bottom ladder who only consumes 3% of the total fuel consumption.
It's a difficult decision, but a necessary one to be made for the long term benefits like direct foreign investment which will boost GDP and employment rate and infrastructural improvement which will on the long run ease the masses and the rich alike.
@@opeyemioyewole7069 dnt mind most people hia they don't even have the slight idea of what is subsidy. They r not reflecting on the long run effect. Like Rotus said removing subsidy and giving palliative is like calling subsidy another name.
Taken care of the bottom ladder is what had delayed the removal for over 3 decades now. Do you think this benefits you? It doesn't, it only benefits the rich, imagine people building filling Stations all over the country and don't even sell fuel for a single day, but constantly getting subsidized fuel, take it to neighboring countries and sell at an exorbitant rates....while they keeps on getting richer, the money that should be used to build all the fine things you clamor for are being dashed to them indirectly. Last year alone, over 10 billion dollars was spent on subsidies, can you think of what 10 billion will do in Nigeria for 1 year? Multiply it by 4 or 8, trust me, the country won't borrow a dime to finance any project with that money at hand.
Stupid political APC fans will come here and shout Rotus is bla bla bla...both of them are correct, but Rufai has a realistic angle to it, he explained exactly what going on ground with the marketers. The only thing they all failed to put out may because there are no evidences. The regulators and government are 70% marketers, so no one will enforce shit ...no one
Rufai's points made perfect sense to me! BEFORE removing fuel subsidy, a sensible government should have conducted an impact analysis, understood the economic impact and how to offset all deleterious consequences with necessary effective palliatives. As the economy grows (hopefully) the palliatives would naturally be tapered off because fewer individuals would need them anyway. The UNCONSTITUTIONAL president, Tinubu, simply made the speech for political prowess WITHOUT studying impact analysis data on what to do to offset skyrocketing fuel prices and the domino effect that will spiral into even higher inflation reflected in goods and services. Nigerians better prepare their minds for a rough ride with their new UNCONSTITUTIONAL, ailing president.
This statement is highly irresponsible. Who determines the constitutionality of a President?? See what bitterness and hatred have turned you into? You completely veered off the subject matter, only to resort to invective innuendos. You need healing.
@@stelly_4160Please read the Nigerian Constitution and hopefully you will understand that Bola Tinubu is an UNCONSTITUTIONAL president. So, there's nothing irresponsible about my comments. Do you actually understand the meaning of the word "irresponsible"?
Obviously, you didn't follow the discussions, because if you did, my comments were clearly about them. Individuals like you who would support a career criminal and occultist like Tinubu to be an UNCONSTITUTIONAL president are indeed the ones that need healing.
@@jcjohnson628
A "career criminal and occultist" you said??? I could see that it will take the compassionate abundance of God's tender mercies to redeem your soul from bitterness, hatred and disdain for a man who doesn't belong to your cult group nor made himself the President on Nigeria. The man you ran down with your "mouthish diarrhoea" had an unprecedented career with the best multinational companies in the world, he rose to the peak of his career with enviable and superlative records of excellence before resigning to join politics. This your imaginary cultist, till date wears different colours of dresses while I suppose your saintly Messiah is confined to a lifestyle of black dresses for the rest of his life. We know who the cultist is. The one you called a criminal has no known record of patronising tax havens.... hahahahahaha! nor invested public monies in his family business. See, this your "unconstitutional President" has never in his entire life been convicted of any form of corrupt practices anywhere in the world. As for the constitutionality of his Presidency, the case is before the court, so keep your subjudiced, monopolistic and warped opinion of the constitution to yourself, till the very custodians of the constitution pronounces what that part you referred to means. I can assure you, if the hand of God is upon Nigeria's President- Bola Tinubu, whom you do much detest, you and your co-travellers shall perpetually suffer defeat. Go and repent!
Please guys share this video. Good one Arise TV
hope rotus is aware that when shareholders smile, the people are suffering
The people are the shareholders. Shareholders are not spirits!