Saidu Muhammad Habibu

[Saidu Muhammad Habibu @SaiduMuhammadH5]

@Abdurrahmanvip @max_benlien @Mahmudayahya Rizz

[Saidu Muhammad Habibu @SaiduMuhammadH5]

@Mahmudayahya @Adry___RM @usmannasiru39 Amma football wise, to go home with just goal down against that great city team will surely give him confidence that they'll win in the second leg at the Bernabeau,hence the smile

[Saidu Muhammad Habibu @SaiduMuhammadH5]

@Mahmudayahya @Adry___RM @usmannasiru39 This was just 2022 mahn😢,but we'll be back

[Saidu Muhammad Habibu @SaiduMuhammadH5]

@YusufAsunmogejo BaarakallAhu feekum,wa JazakumullAhu anil muslimima khairal jazaa

[A.Y.O @YusufAsunmogejo]

https://t.co/TgoUPnfVxM

[Saidu Muhammad Habibu @SaiduMuhammadH5]

@Abdurrahmanvip @omo__nuga 🤣

[Sadiq G sadiq @sadiqGsadiq]

No going back to villa.

-Nigerians

[Atiku Abubakar @atiku]

My dear Francis, thank you for taking the time to truly understand what I am proposing. That means a great deal to me.

I am not restoring subsidy so that Nigeria can keep paying for imported petrol. I am restoring subsidy so that Nigerians can produce more at home, pay less for fuel, and keep more money in their pockets.

That is the difference between import subsidy and production subsidy.

Think about shoes. If government wants Nigerians to buy shoes more cheaply, it can spend public money making imported shoes cheaper, or it can support shoemakers in Aba to reduce their production costs so they can make more shoes here, employ more Nigerians and sell at more affordable prices.

I choose the Aba shoemaker.

I will do the same with fuel. We will support crude refined in Nigeria so our refineries can produce at a lower cost and you can pay less.

But for me, this is bigger than fuel.

I want the bus fare you pay every morning to come down. I want the cost of taking food from the farm to the market to come down. I want the trader to spend less. I want the barber, tailor, welder and small business owner to spend less on energy.

I want a mother to return from the market with more food in her bag.

I want a father to pay transport and still have something left in his pocket.

I want a small business owner to close for the day with profit, not just enough money to buy fuel for tomorrow.

That is what affordability means to me.

Less money spent on fuel.
Less money spent on transport.
Less pressure on food prices.
More money left for your family.

My promise is personal: I want you to feel relief in your pocket, in your home and in your daily life.

I will make life affordable again.

I will make Nigeria affordable again.

It is a promise. -AA

[Saidu Muhammad Habibu @SaiduMuhammadH5]

@Mahmudayahya @Annour_gaya Alkali Bodaa gidan tadbeeki

[Saidu Muhammad Habibu @SaiduMuhammadH5]

@ezekiel_aleke Hi

[Saidu Muhammad Habibu @SaiduMuhammadH5]

@yusuf_ahlan @tahirpai1 🤣🤣🤣tabbas hakane

[Saidu Muhammad Habibu @SaiduMuhammadH5]

@usmannasiru39 @Korex_Eth @Doma_fuad @Mahmudayahya @Abdurrahmanvip Kasa ta rikicee🤣

[Saidu Muhammad Habibu @SaiduMuhammadH5]

@usmannasiru39 @Salihu__Aliyu @Doma_fuad @Mahmudayahya Kundaji ko?toh ku kiyaye mu,hide ur babes🤌🤣🤣

[Saidu Muhammad Habibu @SaiduMuhammadH5]

@ChuksEmma947401 Interested,sir

[alameen Esq @RajiAlameen1]

“Must have completed NYSC”

[Saidu Muhammad Habibu @SaiduMuhammadH5]

@RajiAlameen1 🤣🤣😭🤌

[Saidu Muhammad Habibu @SaiduMuhammadH5]

@Mahmudayahya @musa_kiliya Ban ganiba,post unavailable

[𝐃𝐫 𝐀𝐛𝐮𝐛𝐚𝐤𝐚𝐫 𝐇𝐢𝐝𝐢𝐦𝐚 @Realoilsheikh]

Malam Habu, I am interested in this discussion, as a student of energy economics & policy management. It is a topic that I believe should be debated.

I actually support @atiku 's argument for the reintroduction of a fuel subsidy; but I do not mean the old, opaque subsidy regime, that is open to abise & corruption.

That your "𝑮𝒐𝒗𝒆𝒓𝒏𝒐𝒓𝒔 𝒘𝒐𝒖𝒍𝒅 𝒂𝒈𝒓𝒆𝒆 𝒌𝒆𝒉", caught my attention because I have always argued that they, & the FG are the biggest beneficiaries of all these jumbos & not the common man. For me, Dr. Hidima, a targeted, capped, transparent subsidy that reduces the price of petrol to, for instance, ₦400–₦500 per litre for Nigerians, while the govt covers only the verified differential is POSSIBLE!

As per your maths:

A market price of say, ₦1,300 means the govt absorbs ₦900 per litre:

50 million litres per day × ₦900 = ₦45 billion per day

This translates to:

₦1.35 trillion per month
₦16.4 trillion per year!

At first glance, this appears unsustainable.

However, this is where the discussion should be interesting.

Taiwo Oyedele has noted that the government mobilised approximately ₦15.8 trillion for the Federation over 31 months following the subsidy removal and FX reforms.

This averages about ₦510 billion per month. Thus, a ₦16 trillion annual subsidy would indeed be substantial. For me, no one should suggest that govt should issue an uncapped ₦16 trillion expenditure.

The question, for me Malam Habu is, why can't we design a system that subsidises only the first 15–20 litres purchased by households weekly? This is doable.

For Example, Malaysia monitors fuel consumption using 𝐌𝐲𝐊𝐚𝐝 𝐯𝐞𝐫𝐢𝐟𝐢𝐜𝐚𝐭𝐢𝐨𝐧, similar to our NIN and caps subsidized RON95 petrol at RM1.99 per litre up to a monthly limit (such as 200–300 litres). The same Malaysia does support its older citizens of say, 60 & above with 50% fare reductions on select public transit systems like Rapid KL and KTMB. Not only that, low-income older adults may qualify for specific welfare grants like Bantuan Warga Emas (BWE).

Why can't we focus subsidies on public transportation and commercial operators rather than universal consumption?

Why can't we gradually phase out the subsidy in line with improvements in domestic refining capacity? This was what a lot of us expected. For instance, as PH1 comes on stream, 35% subsidy would go. As PH2 comes on stream, another 35% goes. When Warri comes alive, another 20% goes, and when Kaduna comes onboard, 100% subsidy would be removed!

Again, why can't we design a subsidy framework that renders smuggling economically unviable?

𝐓𝐡𝐚𝐭 𝐢𝐬 𝐭𝐡𝐞 𝐜𝐞𝐧𝐭𝐫𝐚𝐥 𝐢𝐬𝐬𝐮𝐞.

The technological tools already exist to monitor petroleum distribution. 𝐖𝐞 𝐚𝐫𝐞 𝐣𝐮𝐬𝐭 𝐛𝐞𝐡𝐢𝐧𝐝!

We can implement digital truck registration systems, depot-to-station tracking, electronic invoicing, GPS and geofencing technologies, and full reconciliation of refinery output, depot receipts, logistics movements, and retail sales. Our organisation can provide this service perfectly! Stations whose reported volumes are inconsistent with their customer base can be audited. Subsidy payments should be made strictly on the basis of verified domestic consumption. If a litre is diverted across the border illegally, it should not attract any subsidy payment.

This is straightforward.

Also, what I observe is that, anytime we are debating on this issue, it is always presented as a binary choice:

Nigerians, you either buy fuel at ₦1,300 per litre OR we "waste" ₦16 trillion paying subsidy.

𝐓𝐡𝐢𝐬 𝐢𝐬 𝐚 𝐟𝐚𝐥𝐬𝐞 𝐝𝐢𝐜𝐡𝐨𝐭𝐨𝐦𝐲.

𝐔𝐧𝐥𝐞𝐬𝐬 𝐨𝐮𝐫 𝐠𝐨𝐯𝐭 𝐝𝐨𝐧’𝐭 𝐰𝐚𝐧𝐭 𝐭𝐨, there is defined a third option:

𝐓𝐚𝐫𝐠𝐞𝐭𝐞𝐝 𝐜𝐨𝐧𝐬𝐮𝐦𝐞𝐫 𝐩𝐫𝐨𝐭𝐞𝐜𝐭𝐢𝐨𝐧.

Government can subsidise essential and vulnerable consumption without extending the same benefit to unlimited or luxury consumption, as explained above & it is done in other countries.