Codes151:
okay. Subsidy isn’t scam las las?

Now you know and agree. Lol.

Been following the subsidy thing since the 1990s.

Have been supporting its removal since 2012....

Xisnin:

Stop giving excuses and justifying lies.
APC knew the function of subsidy before they called it a fraud
and Buhari even asked that what is subsidy as if it serves no purpose.
Perhaps we can forgive Buhari for his ignorance for obvious reason, but
not APC.

They continously lie to Nigerians taking advantage of the widespread illiteracy.
They were gaining goodwill on an issue they didn't even address.
And here you are explaining why they can't remove it.

I actually support subsidy removal.

I'm just explaining for some why governments cant remove it....they are scared.

Babinski:


Subsidy is a big scam! .

You will be surprised to know that not all oil marketers collect subsidy. Examples are Global Fleet Oil and Obat Oil. So how are these non-subsidy collecting marketers able to sell at the same price and still gain?

If Government removes so called subsidy, the only reason the price will rise is because of the cartel in the industry. Capital Oil has said that repeatedly. When Governments allow cartels to form, the cartels dictate pricing to the detriment of the populace.

Eventually it has to go.

Competiton will beat the cartels. Just as competiton is beating OPEC.

Babinski:


Subsidy is a big scam! .

You will be surprised to know that not all oil marketers collect subsidy. Examples are Global Fleet Oil and Obat Oil. So how are these non-subsidy collecting marketers able to sell at the same price and still gain?

If Government removes so called subsidy, the only reason the price will rise is because of the cartel in the industry. Capital Oil has said that repeatedly. When Governments allow cartels to form, the cartels dictate pricing to the detriment of the populace.

All marketers involved in fuel import collect subsidy.

Xisnin:

All marketers involved in fuel import collect subsidy.

Global Fleet Oil claims nor to have collected a single kobo of subsidy.
https://dailypost.ng/2012/01/12/my-oil-firm-got-no-kobo-of-subsidy-from-fg-jimoh-ibrahim/

Babinski:


Global Fleet Oil claims nor to have collected a single kobo of subsidy.
https://dailypost.ng/2012/01/12/my-oil-firm-got-no-kobo-of-subsidy-from-fg-jimoh-ibrahim/

That is a misleading headline.
They didn't collect subsidy because they never merited it.

Here is an excerpt from the article explaining why they didn't get subsidy:

in addition, I have never collected any allocation from the Nigerian National Petroleum Company or imported such. We only buy and sell.

Any importer who claims not to collect subsidy is lying.

GreenAgain:


https://www.vanguardngr.com/2020/08/confusion-as-subsidy-returns-nnpc-pays-n5-4bn-as-under-recovery/

buhari is scam personified!.

kikero:


Removing subsidy

Prices go up, profits go up, refineries get money for upgrades, production increases, prices go down by competition

Production increases, prices go down by competition. Apc and this Govt lack the will power to effect a change, their next level matra for 5 years is to borrow - borrow - borrow, the remaining 3 years Nig will be put out for sale to China WHILE NASS OUT THERE AS SLEEPING POLICE, NO IDEAS, NO DIRECTION, FIGHTING OVER CONTRACTS, BALOON CONSTITUENCY PROJECTS. RUBBER STAMPS EMPTY HEADS.