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Nairaland Forum / Nairaland / General / Politics / Petrol Subsidy Rises, Hits ₦1.16 Trilion In 11 Months (3502 Views)
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Petrol Subsidy Rises, Hits ₦1.16 Trilion In 11 Months by treesun: 9:20am On Dec 23, 2021 |
The amount spent on subsidising Premium Motor Spirit, popularly called petrol, rose to N1.16tn between January and November this year, the latest data from the Nigerian National Petroleum Company Limited show. https://punchng.com/petrol-subsidy-rises-hits-n1-16tn-in-11-months/ 1 Like 2 Shares
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Re: Petrol Subsidy Rises, Hits ₦1.16 Trilion In 11 Months by treesun: 9:31am On Dec 23, 2021 |
N1.78 trillion in 11 months, what they called fraud! 8 Likes |
Re: Petrol Subsidy Rises, Hits ₦1.16 Trilion In 11 Months by FarahAideed: 9:33am On Dec 23, 2021 |
Trust me Buhari is a thief!!!!!! 20 Likes 3 Shares |
Re: Petrol Subsidy Rises, Hits ₦1.16 Trilion In 11 Months by treesun: 9:36am On Dec 23, 2021 |
FarahAideed: Nigeria has not been this bad! 22 Likes 2 Shares |
Re: Petrol Subsidy Rises, Hits ₦1.16 Trilion In 11 Months by treesun: 10:22am On Dec 23, 2021 |
Same government is stealing from the poor and feeding the rich! 9 Likes |
Re: Petrol Subsidy Rises, Hits ₦1.16 Trilion In 11 Months by Mokason288(m): 11:49am On Dec 23, 2021 |
Mark my words On or before January 1st January 2022 there would be increase in PMS (Petroleum Motor Spirit) also known as Fuel BUhari has never disappointed me with his wickedness ![]() 4 Likes |
Re: Petrol Subsidy Rises, Hits ₦1.16 Trilion In 11 Months by mustbewell: 11:49am On Dec 23, 2021 |
Noted |
Re: Petrol Subsidy Rises, Hits ₦1.16 Trilion In 11 Months by OgaHector: 11:50am On Dec 23, 2021 |
They should remove the subsidy jare |
Re: Petrol Subsidy Rises, Hits ₦1.16 Trilion In 11 Months by candidbabe(f): 11:50am On Dec 23, 2021 |
Right move ![]() ![]() |
Re: Petrol Subsidy Rises, Hits ₦1.16 Trilion In 11 Months by ATEAMS: 11:50am On Dec 23, 2021 |
Final looting |
Re: Petrol Subsidy Rises, Hits ₦1.16 Trilion In 11 Months by Sekoni003(m): 11:50am On Dec 23, 2021 |
Anything to justify the impending subsidy removal. 2022 go sweet sha ![]() 2 Likes
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Re: Petrol Subsidy Rises, Hits ₦1.16 Trilion In 11 Months by TheGoodJoe(m): 11:51am On Dec 23, 2021 |
Spent years and billions of naira looking for Crude Oil in the North, instead of sponsoring multinationals to set up modular refineries and gas plants. 3 Likes |
Re: Petrol Subsidy Rises, Hits ₦1.16 Trilion In 11 Months by GboyegaD(m): 11:52am On Dec 23, 2021 |
The only amusing thing at this time is how Buhari hasn't been impeached with the gross madness going on in the country 6 Likes |
Re: Petrol Subsidy Rises, Hits ₦1.16 Trilion In 11 Months by Bustincole(m): 11:52am On Dec 23, 2021 |
In Baba 70's voice....ITT |
Re: Petrol Subsidy Rises, Hits ₦1.16 Trilion In 11 Months by Mokason288(m): 11:52am On Dec 23, 2021 |
OgaHector:ODE I know your parents are still feeding you Have it in mind not everyone is been spoon feed like you 8 Likes 1 Share |
Re: Petrol Subsidy Rises, Hits ₦1.16 Trilion In 11 Months by Irupetepete: 11:52am On Dec 23, 2021 |
Scope Just looking for ways to justify subsidy removal.. Anybody coming from apc to contest will feel the fangs of Nigerians.. 1 Like |
Re: Petrol Subsidy Rises, Hits ₦1.16 Trilion In 11 Months by Stevenson20: 11:53am On Dec 23, 2021 |
Another format to loot |
Re: Petrol Subsidy Rises, Hits ₦1.16 Trilion In 11 Months by Mophor: 11:53am On Dec 23, 2021 |
Issokay |
Re: Petrol Subsidy Rises, Hits ₦1.16 Trilion In 11 Months by updatedws: 11:53am On Dec 23, 2021 |
Nonsense government... they are using this to try to get the public to see reason why subsidy should be removed. as if it's only the subsidy that is increasing. the dullard murdered the economy. prices of everything is going up. any attempt to remove the subsidy would be met with stiff resistance. u met dollar at 200 and took it up to 600 but you want subsidy to remain the same. stupid lots 1 Like |
Re: Petrol Subsidy Rises, Hits ₦1.16 Trilion In 11 Months by fxkay1: 11:56am On Dec 23, 2021 |
Here is a simple question?? Why are we importing Petrol . 2 Likes |
Re: Petrol Subsidy Rises, Hits ₦1.16 Trilion In 11 Months by Scamburster(m): 11:57am On Dec 23, 2021 |
Dadybig20:What next? |
Re: Petrol Subsidy Rises, Hits ₦1.16 Trilion In 11 Months by Scamburster(m): 11:57am On Dec 23, 2021 |
TheGoodJoe:Ike gwuru. 1 Like |
Re: Petrol Subsidy Rises, Hits ₦1.16 Trilion In 11 Months by Bizibi(m): 11:57am On Dec 23, 2021 |
I remember when they called it recovery..... Nigeria government will never learn. |
Re: Petrol Subsidy Rises, Hits ₦1.16 Trilion In 11 Months by realstars: 12:01pm On Dec 23, 2021 |
Good for looters |
Re: Petrol Subsidy Rises, Hits ₦1.16 Trilion In 11 Months by mascotman(m): 12:02pm On Dec 23, 2021 |
[quote author=treesun post=108743768] IS SUBSIDY NOT FRAUD AGAIN? 2 Likes |
Re: Petrol Subsidy Rises, Hits ₦1.16 Trilion In 11 Months by Nobody: 12:08pm On Dec 23, 2021 |
That's how the subsidy rises It is rising because the cost of producing one liter of petrol is also going to rise Also, the value of the naira is falling because we spend a large chunk of our oil revenue paying for subsides. Not the majority but a lot. That's why GEJ wanted to remove subsidy, because he saw what Buhari did not see, that subsidy rises and rises if you want to keep it. And you would have to feed and feed the monster more and more or else 1 Like 1 Share |
Re: Petrol Subsidy Rises, Hits ₦1.16 Trilion In 11 Months by gambia(m): 12:10pm On Dec 23, 2021 |
Scammers, they must keep paying it since we can't build refineries. 1 Like |
Re: Petrol Subsidy Rises, Hits ₦1.16 Trilion In 11 Months by Nobody: 12:10pm On Dec 23, 2021 |
fxkay1:why can't they build a Refinary when people are illegally refining crude oil with little or no tools 3 Likes 2 Shares |
Re: Petrol Subsidy Rises, Hits ₦1.16 Trilion In 11 Months by Mowoe(m): 12:12pm On Dec 23, 2021 |
All these fuss after Buhari infamously asked "who is subsidizing who" during Jonathan's tenure. A bunch of useless, old mega fraudsters parading as government officials. |
Re: Petrol Subsidy Rises, Hits ₦1.16 Trilion In 11 Months by RepoMan007: 12:15pm On Dec 23, 2021 |
Huge amount. |
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