Dvin:

Ok thanks sir

TheRareGem1:


https://tribuneonlineng.com/2022-nnpc-presents-n3trn-subsidy-bill-to-fec/?

Judolisco:
I can't believe people sat down and sited a refinery in kaduna

Investorozay:
3 trillion
Men dem dey thief money for naija oh
the way estates sell out fast in lag ehn

backbencher:


On the other hand, the more we spend on subsidies, the more we would need to take loans to meet our needs.

Subsidy, and regular government spending depend on the price of the crude oil we sell. When we spend more on subsidy, we have less money to spend on other things...and thus we have to take more loans.

Which is bad news for poor Nigerians. [s]Removing subsidies would at least mean more investment, more jobs, more profit, and more money...which can benefit poor Nigerians.[/s]

Judolisco:
I can't believe people sat down and sited a refinery in kaduna

Evolutionlove:


Wer*y keep deceiving yourself and the f**ls zombies lol.....

perambulator:
N3 trillion at the official rate (since it is govt expenditure) is approximately $7billion. What this means is that by far the largest single annual expense of the Nigerian govt is on petroleum subsidies. Just let that sink in for a moment. To the best of my knowledge there is no single govt project or expenditure that costs $7B, talk less of $7B in a single year. Imagine how many schools or how many roads, how many hospitals, how many airports, power stations, rail lines etc we would have or how better they would be if we spent $7B annually on just 1 of those items each year for the next 4 years!!!

thundafire:
the refinery sited in Kaduna was to help minimize the use of just trucks for transportation and nothing more. So that's why the pipes are passed all from south to Kaduna refinery

backbencher:


So. let government then remove the subsidy, let the market set the price, then the money can be spent on all those things you want.

Simple.

thundafire:
Why can't we just put into good use PORTHARCOURT refinery and the one in Delta state and save us this stress. We just have greedy leaders, middlemen and citizens

perambulator:
N3 trillion at the official rate (since it is govt expenditure) is approximately $7billion. What this means is that by far the largest single annual expense of the Nigerian govt is on petroleum subsidies. Just let that sink in for a moment. To the best of my knowledge there is no single govt project or expenditure that costs $7B, talk less of $7B in a single year. Imagine how many schools or how many roads, how many hospitals, how many airports, power stations, rail lines etc we would have or how better they would be if we spent $7B annually on just 1 of those items each year for the next 4 years!!!

sulaak:


Nigeria has been spending between $4-12 billion on oil subsidies. GEJ should have removed the subsidies in 2012 but he was a coward and backdown.

Judolisco:
transportation? and we don't mind refining oil abroad? and bringing back...why not build jst one refinery to service d whole nation

thundafire:
It can't be possible and no country with such amount of oil and gas can have just only one refinery

Judolisco:
OK... What's d use of our 3 refineries now?