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Fuel Subsidy Gulps N1.5 Trillion - Politics (2) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Fuel Subsidy Gulps N1.5 Trillion (7126 Views)

Electricity Subsidy Gulps ₦‎629 Billion As Discos Generate ₦‎1.1 Trillion / Electricity Subsidy Gulps N376 Billion, Consumers Pay N783 Billion / NNPC Declares Zero FAAC Remittance For 8th Time As Subsidy Gulps ₦2.6 Trillion (2) (3) (4)

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Re: Fuel Subsidy Gulps N1.5 Trillion by EcoBrick: 8:46am On Dec 09, 2019
This subsidy is such a drain on scarce resources. They should just remove the damn thing already.

1 Like

Re: Fuel Subsidy Gulps N1.5 Trillion by lastempero: 8:46am On Dec 09, 2019
ralmix:
The way our government is driving us in this country makes me wonder if amadi o ah use to filter location to perform

This jihadists pass amadioha n Sango put 2geda.
Re: Fuel Subsidy Gulps N1.5 Trillion by crownwealth: 8:47am On Dec 09, 2019
Kestolove:
Buhari is a scammer


Confirmed one for that matter

1 Like

Re: Fuel Subsidy Gulps N1.5 Trillion by Omooba77: 8:47am On Dec 09, 2019
ednut1:
its just like a single guy giving marital advice. He con marry see say e get as he be. From outside buhari say na scam but when he enter eye clear

No be lie my brother...............

1 Like

Re: Fuel Subsidy Gulps N1.5 Trillion by christm386: 8:47am On Dec 09, 2019
Guys abeg I dey Asaba, I need bar this Xmas cus I lost my Job, I am ready to ride a taxi or uber, make person help me 4 Asaba nah, abeg make hunger no use me play, just imagine nothing to do on a Monday morning, God bless u. 07083174128
Re: Fuel Subsidy Gulps N1.5 Trillion by mkpologwu(m): 8:48am On Dec 09, 2019
So what's the impact of the increase from N97 to N145......... APC is directionless to be honest.

1 Like

Re: Fuel Subsidy Gulps N1.5 Trillion by Gandollaar(f): 8:52am On Dec 09, 2019
emeijeh:
APC!!! Change Chains
APC!!! Next Level Devil

Watch how BMC will avoid this thread like

That's BMC for you grin

2 Likes

Re: Fuel Subsidy Gulps N1.5 Trillion by gaskiyamagana: 8:52am On Dec 09, 2019
Where are our professors in economy?
Re: Fuel Subsidy Gulps N1.5 Trillion by beejaay: 8:56am On Dec 09, 2019
crownwealth:
Mohomodu Buharin is a confirmed FRAUD.



https://www.youtube.com/watch?v=YmG_dYY7YRA

2 Likes

Re: Fuel Subsidy Gulps N1.5 Trillion by Kawabonga(m): 8:57am On Dec 09, 2019
"What is fuel subsidy?
Who is subsidizing who and what?? " grin
Re: Fuel Subsidy Gulps N1.5 Trillion by Nobody: 9:00am On Dec 09, 2019
Omooba77:
Surpasses health, education, agric budgets Overshoots by N78bn in 2019 The current administration spent N1.477 trillion ($4bn dollars) on subsidy on Premium Motor Spirit (PMS) also known as petrol between May 2015 when the government was inaugurated and July 2019, Daily Trust reports. The government has earmarked another N450 billion as fuel subsidy in 2020,…

Read more: https://www.dailytrust.com.ng/fuel-subsidy-gulps-n1-5-trillion.html

Buhari has looted Nigeria to death

2 Likes

Re: Fuel Subsidy Gulps N1.5 Trillion by Horbar1: 9:04am On Dec 09, 2019
Where are those castigating GEJ then over subsidy ?
Re: Fuel Subsidy Gulps N1.5 Trillion by Prettyjanet1: 9:07am On Dec 09, 2019
Nigeria still spending trillions of naira on fuel importation when a modular refinery can be built with 75million dollars within 6 months.


We were told subsidy has been removed and that's why we are buying fuel @ 145#/ litre. Fuel subsidy is a scam and another avenue to psiphon millions of naira for their personal use. What exactly is wrong with Nigeria?

If the subsidy wasn't removed, what makes the price skyrocketed from #97/litre to #145.

Several people are involved in this subsidy scam just because they are benefitting from it, they will frustrate every government plans to work on our own refineries or even build one.

3 Likes

Re: Fuel Subsidy Gulps N1.5 Trillion by juman(m): 9:07am On Dec 09, 2019
A government without any sense.
Fuel subsidy is a big scam.

1 Like

Re: Fuel Subsidy Gulps N1.5 Trillion by DenreleDave(m): 9:07am On Dec 09, 2019
Any job within lagos Pls. I am yet to serve Pls help a fellow, can't continue to stay idle... I am also a computer literate.. 09076705905
Re: Fuel Subsidy Gulps N1.5 Trillion by OkunrinMeta: 9:08am On Dec 09, 2019
DonFreshmoney:
1.5trillion that can build 36 modern hospitals in each state of Nigeria... hmm

Mr Quantity and price surveyor
Re: Fuel Subsidy Gulps N1.5 Trillion by Prettyjanet1: 9:09am On Dec 09, 2019
Horbar1:
Where are those castigating GEJ then over subsidy ?
Everything has been politicised in this country.
Re: Fuel Subsidy Gulps N1.5 Trillion by juman(m): 9:15am On Dec 09, 2019
Government of thieves.
OLEEE!

Whereas the country does not have the basic infrastructure o.

No light, no good roads, no sensible transport system, no security, no water, no good health facilities, educational facilities are bad etc.

Buhari ooooooo.
Fuel subsidy is wrong.

I wish emir Sanusi is the finance minister.

2 Likes

Re: Fuel Subsidy Gulps N1.5 Trillion by eclecticbaron: 9:16am On Dec 09, 2019
Unbelievable, a whooping 1.5trillion! Kai these rogues have finished the country.
Re: Fuel Subsidy Gulps N1.5 Trillion by ednut1(m): 9:19am On Dec 09, 2019
Racoon:
[s][/s]Always making silly excuses for a well known failure.Who does know Buhari's penchant for giving excuses & blaming all except himself for all his cluelessness & incompetency?

For your info, Buhari was gunning to be president for 12years without fully knowing the dynamics of how the Nigerian economy works esp.that which is oil-dependent? Abeg swerve!
let him stop it then and lets buy fuel at 200 simple
Re: Fuel Subsidy Gulps N1.5 Trillion by SarkinYarki: 9:21am On Dec 09, 2019
aolawale025:
In the long run, this is unsustainable

What is unsustainable? What ? What ?
Re: Fuel Subsidy Gulps N1.5 Trillion by fabolouz1(m): 9:23am On Dec 09, 2019
The greatest scam .
Re: Fuel Subsidy Gulps N1.5 Trillion by 33komkom(m): 9:32am On Dec 09, 2019
grin grin grin

After saying that subsidy is a scam sometime ago
Lolz
Re: Fuel Subsidy Gulps N1.5 Trillion by ArcSEMPECJ(m): 9:39am On Dec 09, 2019
Where are the defenders of thus failed government..
Food has come, come and label this noise makers WAILERS....as far as you remain a ZOMBIE
Re: Fuel Subsidy Gulps N1.5 Trillion by Princemolar101: 9:40am On Dec 09, 2019
Taking Nigeria government serious is like going to the stream with basket
Re: Fuel Subsidy Gulps N1.5 Trillion by urahara(m): 9:44am On Dec 09, 2019
EcoBrick:
This subsidy is such a drain on scarce resources. They should just remove the damn thing already.

That's what Jonathan tried to do and it caused " Occupy Nigeria ".
Re: Fuel Subsidy Gulps N1.5 Trillion by Nobody: 9:48am On Dec 09, 2019
$4.6 billion?? Make we build refineries nah... smh
Re: Fuel Subsidy Gulps N1.5 Trillion by Danzakidakura(m): 9:48am On Dec 09, 2019
emeijeh:
APC!!! Change Chains
APC!!! Next Level Devil

Watch how BMC will avoid this thread like

Yoruba Muslims and their almajiri masters will still support them. To them its about religion not humanity
Re: Fuel Subsidy Gulps N1.5 Trillion by urahara(m): 10:04am On Dec 09, 2019
mkpologwu:
So what's the impact of the increase from N97 to N145......... APC is directionless to be honest.


If it wasn't for the fuel subsidy , fuel would be around 300 naira ish ?
Re: Fuel Subsidy Gulps N1.5 Trillion by obailala(m): 10:12am On Dec 09, 2019
What kind of title is this?
Re: Fuel Subsidy Gulps N1.5 Trillion by BigBizzy(m): 11:47am On Dec 09, 2019
By the time this administration finishes ehn we go see say abacha dey learn looting

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