It was PDP and Jonathan that initiated it. Or is it only good news that Jonathan Initiates? I just want to ask.

Chai.

This is the highest scam of all time

"What is subsidy? Nothing like subsidy.Subsidy is a scam!"-Buhari.

Buhari government is the biggest scam of the 21st century.

NNPC, 'Why are our refineries not working?'

We have been paying #145 cause of subsidy, now these guys claiming they been paying #53 on each litre. In essence a litre should be #145+#53=#198/ltr. This is really a mistake of a nation.

VaselineCrew:

Hmmmmmmmmmmm...... This country is a mess
And one person called Dangote is building with our monies through loans,.. Tax deduction etc, what federal government cant fix the available ones to work effectively...
Countrirs without fuel products are booming..... Look at our One Nigeria..... You took pipelines all the way from River State to Kaduna State just to make sure you have refinery in the north.... What have we gained from that?......is a pity Nigeria.....

But the lifeless animal said he doesn't know what is subsidy?

I thought subsidy was a scam.

Hmmmmm

Subsidy is a crime!

Buhari met subsidy payment at 300 billion Naira a year and today it's 1.4 trillion Naira a year.

Buhari met fuel pump price at N97/litre and today it's N145/litre

Why should a terribly high subsidy payment have an over bloated pump price?. Abeg maKe una asK APC.

ALOOTERS People Congress = APC

After paying N145? This subsidy thing has become a conduit pipe for all administrations! I don't get it! Is it so hard to make the Refineries work again?

Dipville:
We have been paying #145 cause of subsidy, now these guys claiming they been paying #53 on each litre. In essence a litre should be #145+#53=#198/ltr. This is really a mistake of a nation.

yes oo, actually I think landing cost today of petrol is even higher at around N203, due to increased Oil prices.

Every one know we need refineries if we ever want to have cheap petrol without subsidy, but it's funny how Tinubu, Buhari and the rest were acting like subsidy is a fraud back in the day, lol.

We need refineries to work ASAP, it makes no sense that a country that has oil ships it overseas and then buys back petrol, sigh

This is another chance to increase petrol price again..
I know this people too well

Why then did this useless govt tricked us into buy fuel @ 145naira/L. This is not fair ..they shd kindly take the fuel price back to 97naira/L . let govt reintroduce the subsidy in full abeg...since they hv been systematically paying it!!! Pls who is the present minister of petroleum I urgently need an answer pls??!!

Sweetcollins:
Lie lie

lies has been the bedrock of nigeria since 1967. i really weep for the future generation of this country!

Olodo President ...

Africans are First Class m.rr.o.n.s
You export crude oil, earn dollar.
Then you convert the dollar to Naira.
Next, you convert the naira back to dollar
Next, you import fuel refined from the crude you just exported...

There is no where else where such is obtainable apart from Africa.

Why?

Awon Baba weyrey. ko ni da fu gbogbo yin papo

ijustdey:




http://petrobarometer.thecable.ng/2018/10/25/budget-office-nnpc-paying-n53-subsidy-every-litre-petrol/

VaselineCrew:
Yet Buhari Called Subsidy a fraud back in the day, gosh Imagine

Please you guys, watch this video below:


BUHARI CALLS SUBSIDY A FRAUD

https://www.youtube.com/watch?v=uAriq3_2zaM

Please i can not help noticing the difference from this buhari and the new buhari 2018 do any body notice what i noticed

.....The PDP said the probe would expose those behind the alleged N9trn fraudulent oil contracts detailed in a leaked NNPC memo, the N1.4trn fraudulent oil subsidy regime and the alleged diverted N1.1trn worth of crude oil through 18 illegal companies linked with APC interests, among others. .......

Mrs Kemi Adeosun (former Minister of Finance) was booted out of office for challenging the corruption in NNPC under Buhari govt.

Because of this SHAM i shamed Jonathan then, this lifeless and his group then make us believe is not a rocket science to solve this subsidy shhh

"I don't know what is called subsidy, PDP created subsidy to syphon money"- Lifeless muhammad buhari

Shameless set of useless idiats

1. Anybody who thought Buhari had removed subsidy in 2015....needs his head checked. (Sorry!)

2.What happened was that landing price of fuel had gone up to N132...making the then N87 price unsustainable...meaning that we had to increase fuel...or marketers would have gone out of business.

3.Here is the truth....if you want subsidy to go...you have to let the marketers set the prices....not government setting the price.

4.Here is thecold reason why government is setting prices...if they were not, fuel would go up to N200 and above.

5.And if fuel goes up to N200 and above....the APC government would be swept out ofoffice via revolution. And replaced with a government who would promptly resubsidise fuel.

6.It is blatantly obvious, however, that we are wasting money on subsidy. N53 per liter can be used on better things...like railways, and power for example.

7.Anyone saying that we should fix the refinereis to bring down fuel costs...is also talking without understanding. I doubt that producing a liter of refined fuel in Nigeria would cost less than N200. So, Dangote will not save us UNLESS....we dregulate.

Deregulation is the answer. GEJ was on to something in 2012. Nigerians foolishly told him NO. Now...here we are....a corrupt subsidyr egimen, corruption in subsidy payments, lack of investment in fuel, etc....WHICH WOULD NOT HAVE BEEN HAPPENING....if we had been sensible enough not to go on protest back then.

Oil subsidy MUST GO...since 1993.

AtikuDeman:
"I don't know what is called subsidy, PDP created subsidy to syphon money"- Lifeless muhammad buhari

Shameless set of useless idiats

Maxymilliano:


Olodo President ...

Back when Buhari made that comment...that was the time of the subsidy scams...when people were collecting subsidy claim for fuel not imported.

Hence the comment.

Thing is, many of those people who were doing it were doing so because under subsidy they could not earn suitable profits. So, they lied to stay afloat.

Only one way to sortout this problem....remove subsidy, let fuel sell for N200 and above.

YES....people will suffer...but NNPC won't have any justificaiton to continue with the corruption train a la subsidy.

But we Nigerians want low oil price....not knowing we are fuelling the corruption machine.

Africans are First Class m.rr.o.n.s
You export crude oil, earn dollar.
Then you convert the dollar to Naira.
Next, you convert the naira back to dollar
Next, you import fuel refined from the crude you just exported...

There is no where else where such is obtainable apart from Africa.

Why?


Then, all the Government officials need to do, is just to add N1.00 to the amount paid as subsidy, multiply that by the number of litres of fuel consumed in the whole country in a year, and you will understand why they people just to get a small position in government.

Buhari had the golden opportunity to deregulate the oil price when crude oil prices but bluntly refused to grab it even with one hand.

Whether the oil is imported or not is the issue but the existence of a wasteful subsidy.

The removal of the subsidy would provide each state,with an extra N500m monthly, money they desperately need.

jamace:
.....The PDP said the probe would expose those behind the alleged N9trn fraudulent oil contracts detailed in a leaked NNPC memo, the N1.4trn fraudulent oil subsidy regime and the alleged diverted N1.1trn worth of crude oil through 18 illegal companies linked with APC interests, among others. .......

Mrs Kemi Adeosun (former Minister of Finance) was booted out of office for challenging the corruption in NNPC under Buhari govt.

Thing is...if we had removed subsidy ...all this corruption won't be happening.

The corruption is happening because marketers are not making enough cash under subsidy. As a result...they prefer to do fraudulent oilcontracts so as to collect money to keep their heads above water.

All thisd would end if Buhari removes subsidy., and allows marketers to sell at the price they want to sell. That would end all the subsidy claim nonsense...and even in the long term bring about competition related price reduction. NNPC would finally have no excuses to hide under corruption.

But because Nigerians like cheap fuel.....

theoldpretender:



Back when Buhari made that comment...that was the time of the subsidy scams...when people were collecting subsidy claim for fuel not imported.

Hence the comment.

Thing is, many of those people who were doing it were doing so because under subsidy they could not earn suitable profits. So, they lied to stay afloat.

Only one way to sortout this problem....remove subsidy, let fuel sell for N200 and above.

YES....people will suffer...but NNPC won't have any justificaiton to continue with the corruption train a la subsidy.

But we Nigerians want low oil ice....not knowing we are fuelling the corruption machine.

"The existence of subsidies can not be divorced from abuse" - Hamilton.

grandstar:
Buhari had the golden opportunity to deregulate the oil price when crude oil prices but bluntly refused to grab it even with one hand.

Whether the oil is imported or not is the issue but the existence of a wasteful subsidy.

The removal of the subsidy would provide each state,with an extra N500m monthly, money they desperately need.

Oga....you really want APC out of power...

Seriously, no Nigerian government will attempt to remove subsidy....even though they know IT MAKES COMPLETE ECONOMIC SENSE....because all Nigerians will see is that fuel was N145 today, now it is N230. There would be revolution....

(Some people cited GEJ's increase of fuel price from N65 to N97 as their reason for voting him out in 2015).

So, we will waste money on subsidy, and keep on doing so...because ....the people want cheap fuel.

(The other day, some people were praising Venezuela for their fuel price of N40 per liter....forgetting that keeping the price low has drained their foreign reserve, and messed up their petroleum sector...zero cash for new investments).

grandstar:


"The existence of subsidies can not be divorced from abuse" - Hamilton.

100% agree.