Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,205,859 members, 7,993,961 topics. Date: Monday, 04 November 2024 at 11:17 PM |
Nairaland Forum / Nairaland / General / Politics / I Don’t Know What Fuel Subsidy Means– Buhari (59240 Views)
I Don’t Know What Buhari Should Do, I’ve Stopped Advising People –pat Utomi / See What Fuel Scarcity Has Caused In Lagos (photo) / 'I Don’t Know What Fuel Subsidy Means' - Buhari (2) (3) (4)
(1) (2) (3) (4) (5) (6) (7) (8) (Reply) (Go Down)
Re: I Don’t Know What Fuel Subsidy Means– Buhari by OrigamiIII: 2:51pm On May 24, 2015 |
Boss13: I do not doubt Buhari neither do I doubt all the people who stood by him all through the elections period and surrounds him now. My inference is that if these people can subjugate their personal ambition, put up Buhari and stood by him till victory was achieved then these people really meant well for our dear country. Remember that the problem of nigeria wasn't her citizens but the leadership. Now with this change I am very certain leadership problem would no longer exist while hoping a section of the citizenry would not transform to a problem. From may 30th nigeria is sure to commence a new march unto national greatness.Nigeria's situation is presently a precarious one. The economy as it is, is in a bleeding state and cannot be burdened by either corruption or "stealing" in the slightest. Lets us all support the leadership. |
Re: I Don’t Know What Fuel Subsidy Means– Buhari by Dozzmani(m): 2:56pm On May 24, 2015 |
ichidodo: |
Re: I Don’t Know What Fuel Subsidy Means– Buhari by nduchucks: 3:00pm On May 24, 2015 |
These Subsidy thieves who are holding Nigerians as hostages should be dealt with as terrorists. They should be rounded up and stoned. |
Re: I Don’t Know What Fuel Subsidy Means– Buhari by 989900: 3:01pm On May 24, 2015 |
But when I found myself as the Minister of Petroleum I set up another refinery in Warri for 100, 000 barrels per day of Nigerian crude and the Kaduna refinery a 100, 000 barrels per day. So Nigeria built capacity to refine 450,000 a day. |
Re: I Don’t Know What Fuel Subsidy Means– Buhari by Nobody: 3:23pm On May 24, 2015 |
Buhari, there is no way the price of fuel will be the same across Nigeria except you subsidize it. |
Re: I Don’t Know What Fuel Subsidy Means– Buhari by TheGoodJoe(m): 3:35pm On May 24, 2015 |
I it not clueless that GEJ was interested in removing Subsidy to increase the suffering of the masses than building refineries to make things easier for the masses. His whole Subsidy mess was a scam and a little probe will expose his lies you guys defend. ichidodo: |
Re: I Don’t Know What Fuel Subsidy Means– Buhari by Themandator: 3:44pm On May 24, 2015 |
From his statement, it is obvious he knows something about the oil sector and hopefully, has worked out a way of getting round the marketers.... I pray he succeed, for the sake of this country's future.... |
Re: I Don’t Know What Fuel Subsidy Means– Buhari by Themandator: 3:47pm On May 24, 2015 |
noblezone: Or he builds depots in each state. |
Re: I Don’t Know What Fuel Subsidy Means– Buhari by Jesusloveyou: 4:01pm On May 24, 2015 |
jcmaiah:i don't even know subsidy, what is subsidy? who is subsidy who? who is ordering vandalisation? |
Re: I Don’t Know What Fuel Subsidy Means– Buhari by tabisegroup(m): 4:04pm On May 24, 2015 |
.
|
Re: I Don’t Know What Fuel Subsidy Means– Buhari by mkpakanaodogwu(m): 4:08pm On May 24, 2015 |
femliany:this one is mild,just wait after may 29 you hear about the one that senior john,. |
Re: I Don’t Know What Fuel Subsidy Means– Buhari by mkpakanaodogwu(m): 4:09pm On May 24, 2015 |
lawbabs:see painment |
Re: I Don’t Know What Fuel Subsidy Means– Buhari by fairheven: 4:25pm On May 24, 2015 |
OrlandoOwoh:Just imagine that subsidy payment increased after the famous occupy Nigeria at Ojota The pump price was increased from 57 naira or so to 120 an after protest it cunningly an stylishly reduced to 97 naira,which simply meant that Nigerians were paying more for fuel (from the previous 57naira)an yet the subsidy skyrocketed the same year an keeps rising unabated It itwill be travesty of justice if Jonathan doesn't go to jail 1 Like |
Re: I Don’t Know What Fuel Subsidy Means– Buhari by kenex4ever(m): 4:30pm On May 24, 2015 |
If u can bring back those refineries to full operation, then I will know u r a good leader. 1 Like 1 Share |
Re: I Don’t Know What Fuel Subsidy Means– Buhari by Nobody: 4:55pm On May 24, 2015 |
Never wanted Buhari to win the elections largely because of his latent Godfather Tinubu, which i feared has other agenda other than that of Buhari, whom i was sure is a man of integrity. But reading his statements and actions lately, i think he is capable of refusing the influence of the jagaban and fulfilling the promises he made. Just pray he does. Sai baba! 1 Like |
Re: I Don’t Know What Fuel Subsidy Means– Buhari by dddrexjr(m): 5:49pm On May 24, 2015 |
FANTASTIC i've always doubted the petroleum industry, he hu fails to plan,plans to fail… GBM is planning well,i pray CHANGE has come |
Re: I Don’t Know What Fuel Subsidy Means– Buhari by razavi: 5:50pm On May 24, 2015 |
This man’s misplaced defiance, denouncement, and detachment from the reality that defines today’s Nigeria, would only strengthen the outgoing administration hands in freewheeling the economy in these final days, creating more challenges and unrealistic expectations of salvation from a besieged people, when he eventually mounts the podium. The coming days would serve as instruction, months into his administration, when probing, witch-hunting, and the meander of the courts, do nothing to rein in the perennial problems of petroleum products distribution and supply, and a people’s mounting impatience becomes unwieldy and blows over. Someone needs to wake this man up, and quickly, too... |
Re: I Don’t Know What Fuel Subsidy Means– Buhari by jaytee01(m): 5:57pm On May 24, 2015 |
mkpakanaodogwu:Idi. Ot |
Re: I Don’t Know What Fuel Subsidy Means– Buhari by billyG(m): 6:17pm On May 24, 2015 |
That God this man is not clueless like #Babaotuoke1chance. |
Re: I Don’t Know What Fuel Subsidy Means– Buhari by popcykaylah(m): 6:35pm On May 24, 2015 |
mkpakanaodogwu:he was asked questions and he answered ..so I don't see that as blabbing ..so when you are asked questions you keep mute? and Mr Jonathan wey no be one chance ..see how better and beautiful the economy is now?blind retardd!!! |
Re: I Don’t Know What Fuel Subsidy Means– Buhari by lomprico(m): 6:36pm On May 24, 2015 |
modath:Good point there but my fear is that those subsidy fuel importing cabals are already rallying round buhari, danjuma for example. 1 Like |
Re: I Don’t Know What Fuel Subsidy Means– Buhari by mumuto: 6:50pm On May 24, 2015 |
PUSH1: Mumuto |
Re: I Don’t Know What Fuel Subsidy Means– Buhari by nkemjacob2(m): 8:09pm On May 24, 2015 |
Buhari, use constitution for us o na democracy we dey. Nd dont mke fuel over expensive for nigerians. Since u re sayin u dont no the meaning of fuel subsidy |
Re: I Don’t Know What Fuel Subsidy Means– Buhari by Imokay: 8:26pm On May 24, 2015 |
ichidodo: People like you like fraud and being deceived in monumental scale, Nigeria's true daily consumption of petrol is just over 29 million liters daily http://www.indexmundi.com/energy.aspx?country=ng&product=gasoline&graph=consumption at 159 liters in a barrel. One of the big lies them Dieziani told us is that our refineries even if working at 100% capacity cannot meet more that 50% of our needs. But nameplate capacity of the 4 refineries is 450,000 barrels per day, that is 71.5 million liters of crude oil per day. Some refineries with cracking by FCCU can yield up to 60% of the crude as petrol, but i will use conservative 45% yield from our own refineries which should give us 71,500,000 x 0.45 = 32,000,000 liters Considering 20% yield of Diesel we should also have 71,500,000 x 0.20 = 14,300,000 liters of Diesel All this is possible if we give the TAM of the refineries to competent hands like companies who built the plant not political jobbers. Any new refinery will only be as buffer and to take of growing demand and export. To account for any growth in demand ideally we should not be importing more than 10 - 15 % of our current consumption. There is no reason why we should not be monopolizing the West African fuel market by ensuring we refine the oil we cannot sell due to OPEC quota. ECOWAS agreement means we can export petrol duty-free and sell at a price differential that will keep American/European suppliers away and make the incentive to smuggle from Nigeria too low. With this, we can circumvent OPEC quota and the government can earn about twice what it can currently earn while creating hi-tech employment for Nigerians directly and spawn many industries based on the by-products of the refineries like petrochemicals, pharmaceuticals, synthetic rubber and plastics. It is unfortunate the disastrous government we have had in the last 16 years has as many clueless supporters as the quoted poster. |
Re: I Don’t Know What Fuel Subsidy Means– Buhari by Nobody: 9:15pm On May 24, 2015 |
Re: I Don’t Know What Fuel Subsidy Means– Buhari by Sigo86(m): 10:56pm On May 24, 2015 |
Buhari: “I am not just speaking about it, I have not put anything on paper, so nobody has seen it and I haven’t discussed it with anybody. I am just keeping it close to my chest."... Hehehehehe , Hope u guys figure dat coat from buhari... |
Re: I Don’t Know What Fuel Subsidy Means– Buhari by Sigo86(m): 11:00pm On May 24, 2015 |
Buhari: One of the problems I have, other than the military, is the petroleum industry where I served for three and a half years under General Obasanjo. When people start talking about this subsidy I honestly get confused. I will tell you this, and I hope it will answer what you want to know. Back then we had a refinery in Port Harcourt, which was refining 30,000 barrels a day of Nigerian crude. Later, it was upgraded to refine 100,000 barrels a day. Another refinery was built in Port Harcourt to refine 150,000 barrels per day of Nigerian crude. So, Port Harcourt alone had the capacity to refine 250,000 barrels per day of Nigerian crude. But when I found myself as the Minister of Petroleum I set up another refinery in Warri for 100, 000 barrels per day of Nigerian crude and the Kaduna refinery a 100, 000 barrels per day. So Nigeria built capacity to refine 450,000 a day. Four Hundred thousands of which is purely Nigerian crude, but 50,000 was imported. The type of crude could be Venezuelan, which could be a bit heavier. But the lighter ones - kerosene, aviation fuel, diesel, PMS of different grades could be produced from our crude because Nigerian crude is about the best in the world. If you could recall, after finishing as Minister of Petroleum, I subsequently became Head of State. You remember, I appointed Professor Tam David West as the Minister of Petroleum. When we rounded up bunkers, collected their illegal jetties and allowed jetties for only big firms which were doing production and development in the country, we were shocked that we had too much fuel. We had to begin to export 100,000 barrels per day. Don’t forget that we didn’t stop at building refineries, we built more than 20 depots during my time, from Port Harcourt to Ilorin, Makurdi, Suleija, Maiduguri and Kano. More than 3,000 pipelines were laid to connect them. A number of stations were also built to take the trailers off the road, save lives and the infrastructure on the road. It is more economical because each trailer uses fuel. We did all that in this country and we didn’t borrow any money as far as I know. It’s Nigerian money. From each Nigerian crude, whether Akwa Ibom, Bonny Light or whatever it is, you can work out how much products it will give you; how much petrol it will give you; how much diesel it will give you if you want to produce diesel. We could tell how much Nigerian crude cost, the cost of transportation from there to the refinery, the cost of refining, the cost of transportation to the pump stations and maybe 5 per cent go for overhead. I can understand if Nigerians pay for those costs. But somebody is saying he is subsidizing Nigerians. Who is subsidizing who? . Hmmmmmn.... |
Re: I Don’t Know What Fuel Subsidy Means– Buhari by peegirl(f): 1:08am On May 25, 2015 |
Taylor86: Ewu tombia |
Re: I Don’t Know What Fuel Subsidy Means– Buhari by Okaka27(m): 7:27am On May 25, 2015 |
fckmn24seg: |
Re: I Don’t Know What Fuel Subsidy Means– Buhari by tete7000(m): 8:11am On May 25, 2015 |
A beautiful and insightful piece of interview. I wish the president-elect the best in his endeavour from May 29. May God help him. |
Re: I Don’t Know What Fuel Subsidy Means– Buhari by Rubis(m): 10:11am On May 25, 2015 |
Jona has ruined this our country, thank God he's leaving. |
(1) (2) (3) (4) (5) (6) (7) (8) (Reply)
Picture Of Peter Obi, Ikpeazu, Wike, Dankwambo, Duke, Ortom & Others Yesterday. / Ezekiel Afon Dies Hours After Winning Election In Plateau / Jonathan Beats Buhari Mercilessly In New Campaign Advert (must See Photo)
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 69 |