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
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.
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).
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!
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..
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.
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🫡🫡🫡
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.
@@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.
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.
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 😀
Wow, that was real people talking about the real things on the ground. How can you remove subsidy without making alternative arrangements to cushion the side effect .Nawa o, nawa
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!
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.
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.
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 😊
Rufai is the Goat in this journalism, he speaks facts others do not want to talk about,he does his due diligence before he speaks. Keep up the good job.
for those saying rufai lacks understanding, stop hating......arise tv is hinged on rufai's shoulders. rufai is short tempered in analysis simply becos e sees every angle of deceit in almost all argument and he tries to pin u down so e wins...... listening to both of them was educative and entertaining.....rotus ran econometrics which was pretty cool....He is smart buh he came prepared cos he knew who he was meeting..... Rotus at the beginning was scared, he didn't Wana look rufai in the face....... when rufai started, rotus shook his head meaning (this guy don start again).... rufai puts everyone on its toes...... only intelligent and prepared men can escape rufai..... I love rotus and rufai....they are damn good
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
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.
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
i feel Rotus is just book and numbers and doesnt so much considers other aspect on how its affect the average public. its like Capitalist versus a socialist argument
Books and numbers shape decisions not emotions only Sir. Emotions is what killed this country in 2012!!! The same hypocritical men are the onces now championing the removal today!!!!
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.
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 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.
@@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...
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--
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.
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.
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.
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
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.
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
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.
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.
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.
Rotus is a theoretical analyst who cares more for the rich & educated. He is not a business man therefore lacks reality check. Rufai is guided by reality & speaks for the lower uneducated population. Rufai is a natural leader as he was able to show the pms supply chain process & Rotus sounds like an adviser. Rufai should be in politics asap for the benefit of the lower class. Rotus should receive a banana in the face for being a servant of the rich.
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.
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👏👏💪
Rufai is stictly a voice for the poor. Rotus is an economist. If you are the poor here you will not say what you are saying. You have points but what about the effect on the poor.....God have mercy on us.
You can call me pessimistic but i hope Nigerians would not remember the good old days of subsidy and realized that was the last benefits they had from gov. I remembered how they claimed NNPC was so corrupt there's need for a PIB bill, they pass the bill, NNPC became LTD company since then single remittance no go govt purse again, ghost began to steal crude oil. Every good policies on paper seems not to work in Nigeria including Bivas. My own guess is that subsidy would be removed, petrol goes to #500 rather than the money gained fron subsidy to go to infrastructure, education or health it would be swallowed by snakes and crocodiles.
Highway to hell is paved with good intention...but do you wanna take that road? Good intentions and ideas with bad plans will always result to bad outcome. Idiamin wanted to help his impoverished ppl by printing more money and sharing it, resulted in more problem and more hardship on the ppl. These two gentlemen have good intentions but one is more thoughtful. Rufai is more about good execution of a good idea and the other guy is more of..... well... as long as the intention is good, that's all that matters to him. Well... Highway to hell was paved with good intentions too.... would you take that trip?
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.
Tinubu miscalculated with his utterance. The words of the President of Nigeria carries alot of weight. He would be wise to readjust his mind and utterances from political campaign to that of a current President. If this brewing issue carries, he woule be forced to retract his earlier statement as Keyamo is currently doing. That, ladies and gentlemen is a very bad sign. A newly elected calibrating and recalibrating his statements sets the stage for immense uncertainty.
@@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.
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.
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.
Rotus is speaking by the " economics books" and not necessarily the reality on the ground. Payment of subisdy in itself is not bad, it's the corruption around it that should be removed. This government is only penny-wise by removing subsidy...
I still don't understand what you meant by "Sleepless Night" for the President when He already told you not to pity Him bcos He applied for the Job and He got it. Therefore,no mistake in His decision at all.
Rotus from all indications is speaking English, he doesn't understand how real business works. When the marketers go back to restock, who will make up the difference for them?
These two men are both smart and well educated. But Rotus needs to understand that Nigeria is not yet in the position for a government to just wake up and implement a policy, without first putting in place a good reform that will enable the low class citizens to adjust to whatever policy the government decides to implement. Rotus also needs to understand that not all Nigerians are well privileged enough to be able to survive and wait until the good returns of the fuel subsidy removal. So the government should have just taken the whole process slowly until they have fully provided a good standard of living for every citizen. The removal of fuel subsidy is a good policy for the future economic growth of Nigeria. But how many Nigerias will survive before the good times?! And how sure the government wont use the funds for their own selfish and personal ordeals. May God help us all. 🙏🏻
We are not getting the gist here. We are talking about a nation that had 133million people living in poverty when we still had subsidy. The economy didn't improve despite subsidy. Why? Because while subsidy itself is government investing to cushion the effect of people's expenditure on fuel, the government is not actually taking care of rebuilding the economy with the massive budget quota meant for it. Infrastructure was not being done and people were not getting any form of assistance from government to ease their businesses. The government claimed to be giving palliatives, but no indication anywhere that palliatives were actually made available. Now that one of the candidates is a president, subsidy has been removed and more people are definitely going to be pushed into poverty. This is both the immediate and long term effect of that policy model. It is inmediate because the 133 million poor who could not fare well economically under a subsidy regime, will definitely not do so when fuel prices has increased. It is long term because this is Nigeria where we are either so slow in carrying out developmental programs or not doing it at all. This is to say that even the effect of removing the subsidy might not be felt in the next eighy years. A serious government will do a systematic withdrawal of the subsidy. Subsidy withdrawal in itself should not be the major pursuit at all. It is creating a framework for balancing the economic situation that should be and that's what Rufai is saying. The other guy seems to be only concerned that subsidy has been removed and that's on its own is a landmark achievement. But it's not. This is a third world economy where these foreign economic policies we import will not have the same rate of workability they have abroad. Before you remove subsidy, first of all, work in the critical areas of the economy from your reserves. That's why Peter Obi keeps talking about borrowing for investment. Then when you have began to strengthen these areas, you gradually withdraw your subsidy.
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.
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.
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".
@@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
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
Both points are valid. A good leader should be compassionate enough to look at the immediate impact of his actions while he is also thinking about the long run. The people have to be alive to enjoy the benefits in the long run. A good leader must always look out for the BEST means to achieve his goal. Is this the best way to remove subsidy? For me, I think there are better ways the president should have done it. It looks to me like he wanted to become president of Nigeria only to remove subsidy. Why the rush? I hope the president will use the same determination he is using to remove fuel subsidy to remove corruption and insecurity in Nigeria.
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 IS TALKING OUT OF EMOTION AND HE'S DOING IT INTENTIONALLY TO SATISFY HIS FOLLOWERS AND NOT ADDRESSING THE SHORT AND LONG TERM BENEFITS OF THE SUBSIDY REMOVALS.
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.
stop hating......arise tv is hinged on rufai's shoulders. rufai is short tempered in analysis simply becos e sees every angle of deceit in almost all argument and he tries to pin u down so e wins...... listening to both of them was educative and entertaining.....rotus ran econometrics which was pretty cool....He is smart buh he came prepared cos he knew who he was meeting.....
Rotus at the beginning was scared, he didn't Wana look rufai in the face....... when rufai started, rotus shook his head meaning (this guy don start again).... rufai puts everyone on its toes...... only intelligent and prepared men can escape rufai.....
@@favouridemudia102 Lol @hating. Hate on Rufai for real!!!! I deal with educated intellects and not egocentric maniacs bro. I hold Rotus in high regards, cos he his intellectually smart , not someone that reads articles online and regurgitates it. It was so clear that Rufai has not gone to read articles as usual and met someone more intellectually grounded. It might be difficult for you to understand me to be honest. I can see you are one of the people Rufai has held captive..Lmaooo
I agree with Rufai and Ayo, we can face out this subsidy gradually. We can talk about economics here and there to look smart, but the reality in Nigeria is portraying eminent suffering for the majority of the Nigerian population when this subsidy is removed. I don't believe that only the rich or middle class will feel the impact, the ripple effect will affect the poor people more even though they don't own cars, this is common sense oo. Time will tell!! The developed countries pushing us to remove subsidies on energy resources are currently providing subsidies to their citizens due to the hike in energy costs (e.g Germany now has a flat rate for regional and local transportation tickets about 49 euros, and did 9 euros ticket for 3 months last year, and gave 300 euros to all workers last year, and 200 euros to students this year all to help with energy cost). The developed countries will not implement policies that will bring hardship to their people. But our leaders are quick to sign treaties and so on; are quick to pull the plug despite the consequences. Why didn't the Nigerian government fix the refineries and then remove the so-called subsidy? Must the citizens suffer for all their incompetencies?
The one thing I took from your statement is that the developed nations pushing us to remove subsidies also have all kinds of subsidies in place too That's very great point. In addition to that, they have checks and balances that enables them check financial mismanagement, to ensure that every budgeted penny is utilised well. Unlike Nigeria where even the subsidy itself is largely looted by the same government.
@@thespectacular9826 I also like your point 'Unlike Nigeria where even the subsidy itself is largely looted by the same government'. Even this same subsidy money they're removing will still be looted by government officials. This is about corruption and fixing it if not this is just a disaster in the making. A lot of suffering for Nigerians who are already managing to survive. I laugh at those claiming it'll get better under this insane condition.
This rotus is knowledgeable but i believed he is trying to prove his relevance. All Rufai and Ayo is saying is that before saying subsidy is Gone, you must be systematic about it, put something on ground to help. Meanwhile, why don't you wait until is gone( finished) or even called the stake holders and fix price before you do so having knows the environment you want to preside on.
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
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.
Two great guys, intelligent argument but I agree more with Rufai we should consider the plight of poor Nigerians.
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
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..
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.
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🫡🫡🫡
Intelligent debate between Mr. Rufai and Rotus. Thanks to Arise Tv for showcasing some of the best brains in Nigeria.
I thank obaigbena for assembling these brains. this is nothing short of brilliant journalism.
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.
Rotus is talking about Trickle-down economics. Sound great but doesn't work.
Good job guys Rufai,Rutors and pretty Ayo
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.
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 😀
Wow, that was real people talking about the real things on the ground.
How can you remove subsidy without making alternative arrangements to cushion the side effect .Nawa o, nawa
*Interesting times at the ARISE NEWS studio, hopeful time in the FRN...🙏🙏🏽🙏*
Respect to you, Rotus, for being objective , Rufai always thinks he knows better than everyone
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!
Very informative from both sides... Rotus, Rufai, RESPECT!!!!!
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.
Very interesting debate...we need more of this. Well done Arise👏
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
hope rotus is aware that when shareholders smile, the people are suffering
The people are the shareholders. Shareholders are not spirits!
Rotus is always the person who speaks with sanity.
Rotus understood what a proper progrossive economy his as against rufai's conservative economy ideology.
Rotus. well, spoken. Keep up the good work.
As good as this debate is , rufai just looking for a way to blame Tinubu.Nawa for him
Both are great guys
Rufai is the Goat in this journalism, he speaks facts others do not want to talk about,he does his due diligence before he speaks. Keep up the good job.
Intelligent debate ...I enjoyed this totally
for those saying rufai lacks understanding, stop hating......arise tv is hinged on rufai's shoulders.
rufai is short tempered in analysis simply becos e sees every angle of deceit in almost all argument and he tries to pin u down so e wins......
listening to both of them was educative and entertaining.....rotus ran econometrics which was pretty cool....He is smart buh he came prepared cos he knew who he was meeting.....
Rotus at the beginning was scared,
he didn't Wana look rufai in the face.......
when rufai started, rotus shook his head meaning (this guy don start again)....
rufai puts everyone on its toes......
only intelligent and prepared men can escape rufai.....
I love rotus and rufai....they are damn good
Powerful debate in the studio... This is good...
There is nothing like Taxes from the Rich. Anyone that is taxable pays tax according to what they earn.
Great debate very insightful
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
This is our problem in Nigeria
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.
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
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😁)
i feel Rotus is just book and numbers and doesnt so much considers other aspect on how its affect the average public. its like Capitalist versus a socialist argument
Books and numbers shape decisions not emotions only Sir. Emotions is what killed this country in 2012!!! The same hypocritical men are the onces now championing the removal today!!!!
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.
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
This Rotus guy is boiling with Econometrics!
The guy Gbona felifeli
Two perspectives: Macroeconomic effects (Rotus) vs real income effects (Microeconomic effects) (Rufai).
Very simple and short
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.
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!
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
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.
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
Rotus brought balance to the discourse.
It's good and interesting
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?!!!
Fuel subsidy removal should come after refinery fixed / abnormalities fixed
great discussion here. need more segments like this
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
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.🤔
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.
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
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.
This Mr Rotus is very intelligent and a superp journalist, look at his analysis wow!
Rotus is a theoretical analyst who cares more for the rich & educated. He is not a business man therefore lacks reality check.
Rufai is guided by reality & speaks for the lower uneducated population.
Rufai is a natural leader as he was able to show the pms supply chain process & Rotus sounds like an adviser.
Rufai should be in politics asap for the benefit of the lower class.
Rotus should receive a banana in the face for being a servant of the rich.
With a fertile mind of a young man like Rotus, my hope of a better Nigeria 🇳🇬 has been rekindled.
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
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.
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👏👏💪
Rufai is stictly a voice for the poor. Rotus is an economist. If you are the poor here you will not say what you are saying. You have points but what about the effect on the poor.....God have mercy on us.
Rufai is a voice against Tinubu, not necessarily for the poor.
@@precioussoul07 empty vessel
@@precioussoul07 grey matter is not your friend smh. You had zero clue this discussion was about.
Rufai is a voice for his pocket
You can call me pessimistic but i hope Nigerians would not remember the good old days of subsidy and realized that was the last benefits they had from gov. I remembered how they claimed NNPC was so corrupt there's need for a PIB bill, they pass the bill, NNPC became LTD company since then single remittance no go govt purse again, ghost began to steal crude oil. Every good policies on paper seems not to work in Nigeria including Bivas. My own guess is that subsidy would be removed, petrol goes to #500 rather than the money gained fron subsidy to go to infrastructure, education or health it would be swallowed by snakes and crocodiles.
Highway to hell is paved with good intention...but do you wanna take that road? Good intentions and ideas with bad plans will always result to bad outcome. Idiamin wanted to help his impoverished ppl by printing more money and sharing it, resulted in more problem and more hardship on the ppl.
These two gentlemen have good intentions but one is more thoughtful. Rufai is more about good execution of a good idea and the other guy is more of..... well... as long as the intention is good, that's all that matters to him. Well... Highway to hell was paved with good intentions too.... would you take that trip?
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?
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.
Great conversation between the two guys! Very impressive
Tinubu miscalculated with his utterance. The words of the President of Nigeria carries alot of weight. He would be wise to readjust his mind and utterances from political campaign to that of a current President.
If this brewing issue carries, he woule be forced to retract his earlier statement as Keyamo is currently doing. That, ladies and gentlemen is a very bad sign. A newly elected calibrating and recalibrating his statements sets the stage for immense uncertainty.
Thumbs up to ROTUS!!! Intelligently educated Rufai.
Nobody is doing the palliative thing forever... Just for the moment till the results of the investments begin to show...
This Rotus guy is very brilliant.
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!
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.
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
@@OluwaseyiNdoh 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.
Jesus Christ. This Rotus man is incredibly good. My goodness. I'd like to even intern with him.
Imagine Rufai saying " i will support bola tinubu". Baba, we don't need your support
Rotus is speaking by the " economics books" and not necessarily the reality on the ground. Payment of subisdy in itself is not bad, it's the corruption around it that should be removed. This government is only penny-wise by removing subsidy...
I still don't understand what you meant by "Sleepless Night" for the President when He already told you not to pity Him bcos He applied for the Job and He got it. Therefore,no mistake in His decision at all.
Rotus from all indications is speaking English, he doesn't understand how real business works. When the marketers go back to restock, who will make up the difference for them?
These two men are both smart and well educated. But Rotus needs to understand that Nigeria is not yet in the position for a government to just wake up and implement a policy, without first putting in place a good reform that will enable the low class citizens to adjust to whatever policy the government decides to implement.
Rotus also needs to understand that not all Nigerians are well privileged enough to be able to survive and wait until the good returns of the fuel subsidy removal. So the government should have just taken the whole process slowly until they have fully provided a good standard of living for every citizen.
The removal of fuel subsidy is a good policy for the future economic growth of Nigeria. But how many Nigerias will survive before the good times?! And how sure the government wont use the funds for their own selfish and personal ordeals.
May God help us all. 🙏🏻
We are not getting the gist here.
We are talking about a nation that had 133million people living in poverty when we still had subsidy. The economy didn't improve despite subsidy. Why? Because while subsidy itself is government investing to cushion the effect of people's expenditure on fuel, the government is not actually taking care of rebuilding the economy with the massive budget quota meant for it.
Infrastructure was not being done and people were not getting any form of assistance from government to ease their businesses. The government claimed to be giving palliatives, but no indication anywhere that palliatives were actually made available.
Now that one of the candidates is a president, subsidy has been removed and more people are definitely going to be pushed into poverty. This is both the immediate and long term effect of that policy model.
It is inmediate because the 133 million poor who could not fare well economically under a subsidy regime, will definitely not do so when fuel prices has increased.
It is long term because this is Nigeria where we are either so slow in carrying out developmental programs or not doing it at all.
This is to say that even the effect of removing the subsidy might not be felt in the next eighy years. A serious government will do a systematic withdrawal of the subsidy.
Subsidy withdrawal in itself should not be the major pursuit at all. It is creating a framework for balancing the economic situation that should be and that's what Rufai is saying.
The other guy seems to be only concerned that subsidy has been removed and that's on its own is a landmark achievement. But it's not. This is a third world economy where these foreign economic policies we import will not have the same rate of workability they have abroad.
Before you remove subsidy, first of all, work in the critical areas of the economy from your reserves. That's why Peter Obi keeps talking about borrowing for investment. Then when you have began to strengthen these areas, you gradually withdraw your subsidy.
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.
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
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
wow, great interaction
I'm learning
Me too oooo
Both points are valid. A good leader should be compassionate enough to look at the immediate impact of his actions while he is also thinking about the long run. The people have to be alive to enjoy the benefits in the long run. A good leader must always look out for the BEST means to achieve his goal. Is this the best way to remove subsidy? For me, I think there are better ways the president should have done it. It looks to me like he wanted to become president of Nigeria only to remove subsidy. Why the rush? I hope the president will use the same determination he is using to remove fuel subsidy to remove corruption and insecurity in Nigeria.
We all know this is a debate btw logical and economical angles but we have also seen that Nigeria does not follow economic ways
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.
RUFAI IS TALKING OUT OF EMOTION AND HE'S DOING IT INTENTIONALLY TO SATISFY HIS FOLLOWERS AND NOT ADDRESSING THE SHORT AND LONG TERM BENEFITS OF THE SUBSIDY REMOVALS.
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
Lol, This Rotus guy is smart. He has just exposed Rufai's lack of understanding. Rufai, shouting does not make you smart
stop hating......arise tv is hinged on rufai's shoulders.
rufai is short tempered in analysis simply becos e sees every angle of deceit in almost all argument and he tries to pin u down so e wins......
listening to both of them was educative and entertaining.....rotus ran econometrics which was pretty cool....He is smart buh he came prepared cos he knew who he was meeting.....
Rotus at the beginning was scared,
he didn't Wana look rufai in the face.......
when rufai started, rotus shook his head meaning (this guy don start again)....
rufai puts everyone on its toes......
only intelligent and prepared men can escape rufai.....
@@favouridemudia102 Lol @hating. Hate on Rufai for real!!!! I deal with educated intellects and not egocentric maniacs bro. I hold Rotus in high regards, cos he his intellectually smart , not someone that reads articles online and regurgitates it. It was so clear that Rufai has not gone to read articles as usual and met someone more intellectually grounded. It might be difficult for you to understand me to be honest. I can see you are one of the people Rufai has held captive..Lmaooo
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...
I agree with Rufai and Ayo, we can face out this subsidy gradually. We can talk about economics here and there to look smart, but the reality in Nigeria is portraying eminent suffering for the majority of the Nigerian population when this subsidy is removed. I don't believe that only the rich or middle class will feel the impact, the ripple effect will affect the poor people more even though they don't own cars, this is common sense oo. Time will tell!! The developed countries pushing us to remove subsidies on energy resources are currently providing subsidies to their citizens due to the hike in energy costs (e.g Germany now has a flat rate for regional and local transportation tickets about 49 euros, and did 9 euros ticket for 3 months last year, and gave 300 euros to all workers last year, and 200 euros to students this year all to help with energy cost). The developed countries will not implement policies that will bring hardship to their people. But our leaders are quick to sign treaties and so on; are quick to pull the plug despite the consequences. Why didn't the Nigerian government fix the refineries and then remove the so-called subsidy? Must the citizens suffer for all their incompetencies?
The one thing I took from your statement is that the developed nations pushing us to remove subsidies also have all kinds of subsidies in place too
That's very great point. In addition to that, they have checks and balances that enables them check financial mismanagement, to ensure that every budgeted penny is utilised well. Unlike Nigeria where even the subsidy itself is largely looted by the same government.
@@thespectacular9826 I also like your point 'Unlike Nigeria where even the subsidy itself is largely looted by the same government'. Even this same subsidy money they're removing will still be looted by government officials. This is about corruption and fixing it if not this is just a disaster in the making. A lot of suffering for Nigerians who are already managing to survive. I laugh at those claiming it'll get better under this insane condition.
One of the best segment I’ve watched on Arise channel. Balanced and different perspectives. Thank you Rufai & Rotus !!
This rotus is knowledgeable but i believed he is trying to prove his relevance. All Rufai and Ayo is saying is that before saying subsidy is Gone, you must be systematic about it, put something on ground to help. Meanwhile, why don't you wait until is gone( finished) or even called the stake holders and fix price before you do so having knows the environment you want to preside on.