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Fuel Subsidy: After Seven Years, Buhari Transfers Burden To Successor - Politics (3) - Nairaland

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Ortom Hands Over, Passes N187bn Debt To Successor / Sanusi Wanted To Leave All His Belongings To Successor – Falaki / I Will Be Tough In The Next Four Years – Buhari (2) (3) (4)

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Re: Fuel Subsidy: After Seven Years, Buhari Transfers Burden To Successor by cardoctor(m): 8:51am On Jan 29, 2022
Who wan carry that kind load?

1 Like

Re: Fuel Subsidy: After Seven Years, Buhari Transfers Burden To Successor by Ogaga87(m): 8:51am On Jan 29, 2022
ThiefnubuBandit:


SHUT UP!!!

EKPA!


Urhobo man, you are sighted... grin

2 Likes

Re: Fuel Subsidy: After Seven Years, Buhari Transfers Burden To Successor by Khaysee: 8:52am On Jan 29, 2022
Nigeria political space is a course of study

Men clothing payment on delivery
Re: Fuel Subsidy: After Seven Years, Buhari Transfers Burden To Successor by Nobody: 8:52am On Jan 29, 2022
Winters23:
Technically this problem will resolve itself with the passing of time.

Dangote refinery is expected to begin production within the next 18 months and if the reports are correct, it can supply local demand and thus ending import of pms and subsidy dies a natural death.

But who knows dangote will still collect subsidy to sell below 150 naira per liter, these are just possibilities.

Good days in sight guys...

If dangote collects subsidy to sell fuel below N150, he won't make enough of a profit to keep his refinery functioning well.

There is a reason why Niger Republic's refinery is working...and it is because they allow them to sell fuel without subsides.

1 Like

Re: Fuel Subsidy: After Seven Years, Buhari Transfers Burden To Successor by Nobody: 8:55am On Jan 29, 2022
mfm04622:
Buhari disappointed me in this fuel subsidy issue!

There is no subsidy on diesel used in industries to produce alternative power and for long distance transport. We are used to it.
There is no subsidy in kerosene used by the poor in the cities, nobody is crying!
There is no subsidy on gas used by the rich to cook, to produce power but both GENCO and lucky companies, there is no issue.
Why is there fear Nigerians will die if hunger if PMS is not subsidized?
Cameroon, Niger, Chad are all our neighbors. They are all producing countries. None of them is subsidizing PMS. Ghana is oil producing, no subsidy
Our neighbors depends on cheaper PMS smuggled from Nigeria! In reality, Nigeria is subsidizing PMS for all our neighbors! This is not sustainable!

Exactly...but the thing is, Nigerians are so addicted to cheap fuel...that it is difficult for any government to remove it.

If Abacha could not remove fuel subsidy completely, and he was a dictator...which Nigerian leader would do so?

Good post by the way.

1 Like

Re: Fuel Subsidy: After Seven Years, Buhari Transfers Burden To Successor by Nobody: 9:01am On Jan 29, 2022
RepoMan007:

Even with Dangote producing petrol, subsidy can still be maintained. It is a matter of the govt buying from Dangote at prevailing market rate then selling to Nigerians at lower or subsidized rate.




The prioblem with that is

1.Dangote is going to sell at a high price...he has loans to pay, salaries to pay, and profits to make.

2.Government cannot pay the money that Dangote would be demanding, and then force NNPC to sell at a loss. Not when the money coming from subsidy comes from crude oil revenue...which is going to fall in the next several years due to falling oil prices.

3.Here is how it would work....dangote refines fuel at N200 , and NNPC sells that fuel to DEPOT AT N150, who sells to marketers at N155, and marketers sell at N162.5. NNPC claims subsidy cost of N50

Dangote's production cost goes up to N250....suddely NNPC's subsidy claim goes up to N100 per liter. Meanwhile crude oil prices are falling. Needs of other sectors are rising. Government opts to keep on paying N50...meaning NNPC loses money and cannot pay Dangote his cash.

Either fuel prices rise, or NNPC collapses, Dangote sells to marketers directly...meaning fuel now cost N300 and above.

1 Like

Re: Fuel Subsidy: After Seven Years, Buhari Transfers Burden To Successor by Enyimbamercedes: 9:05am On Jan 29, 2022
GEJ had the will power and mind to remove subsidy but he is insulted and called a weakling yet the so-called Retired General is so chicken to push through the subsidy and wants to bury his head in the sand like a wuss!

3 Likes

Re: Fuel Subsidy: After Seven Years, Buhari Transfers Burden To Successor by almayda: 9:12am On Jan 29, 2022
I'm sure the next government will remove the remainder.
Re: Fuel Subsidy: After Seven Years, Buhari Transfers Burden To Successor by udemzyudex(m): 9:12am On Jan 29, 2022
Winters23:
Technically this problem will resolve itself with the passing of time.

Dangote refinery is expected to begin production within the next 18 months and if the reports are correct, it can supply local demand and thus ending import of pms and subsidy dies a natural death.

But who knows dangote will still collect subsidy to sell below 150 naira per liter, these are just possibilities.

Good days in sight guys...

Smh
Re: Fuel Subsidy: After Seven Years, Buhari Transfers Burden To Successor by udemzyudex(m): 9:14am On Jan 29, 2022
aribisala0:
Why will subsidy die a natural death because we no longer import? Was subsidy born when we started importing?

Subsidy will only die when Nigeria pay the market value of PMS .
Subsidy has been with us for decades even when we did not import PMS

How did we arrive at this fuel subsidy of a thing since we have about 4 refineries?
Re: Fuel Subsidy: After Seven Years, Buhari Transfers Burden To Successor by Nobody: 9:20am On Jan 29, 2022
udemzyudex:


How did we arrive at this fuel subsidy of a thing since we have about 4 refineries?

We wanted to buy cheap fuel.
Re: Fuel Subsidy: After Seven Years, Buhari Transfers Burden To Successor by Nobody: 9:23am On Jan 29, 2022
Walkee:
You think APC are dumb? If they remove it and fuel price hike to 350 per litre, that will be what Pdp will use to campaign. Most Nigerians will only see that price of has increased and curse Buhari and APC without bothering to know why

Exactly, and it was for this same reason that GEJ too refused to remove fuel subsidy.

For Nigerians, a good economy is one where they can buy things cheaply...so that they can have enough cash to fund their dependents, and also have enough in de bank. That's not how it works. People who make the things we buy have to be paid....

1 Like

Re: Fuel Subsidy: After Seven Years, Buhari Transfers Burden To Successor by prigoz(m): 9:28am On Jan 29, 2022
And almost dead Tinubu promises to continue from where dead Buhari stop. I laugh the supporters of this evil government in Sawahili

Re: Fuel Subsidy: After Seven Years, Buhari Transfers Burden To Successor by Nobody: 9:31am On Jan 29, 2022
RepoMan007:
His successor too is likely to follow him and leave behind their own contradictions and outright falsehood because they will want to run for another 4 years and at the end of that four years want to handover to a loyal party member who can cover their own track.
We are stuck politically because even if there is a change in ruling party, the masses won't allow the only tangible benefit of theirs in One-Nigeria project slip away.

Not true. Depends on who his successor is. Buhari fell short of being a very good President because of his gradualist, socialist and conservative leanings that makes him sympathetic to throwback ways and ideals that cannot succeed today.

Buhari's biggest failings is his 'my way or the highway' mentality.

He then finds appointees, like Malami etal, who will indulge his pursuit of sentimental and unworkable policies instead of using uncompromising and result-driven technocrats who will always tell him the truth enroute to delivering optimal solutions to problems facing Nigeria.

A modern, visionary, exposed and aggressively socio-capitalist leader, solely focused on square pegs in square holes, can succeed easily where Buhari failed.

Buhari's failings are symptomatic shortcomings of his inability to separate personal convictions from what has to be done to attain success and deliver solution.

An apt example is Buhari sentimental and logically unworkable insistence on re-establishment of redundant grazing routes for for Cows when all experts have told him the worthlessness of such plans.

1 Like

Re: Fuel Subsidy: After Seven Years, Buhari Transfers Burden To Successor by Bobloco: 9:33am On Jan 29, 2022
cool
Re: Fuel Subsidy: After Seven Years, Buhari Transfers Burden To Successor by alphaNomega: 9:35am On Jan 29, 2022
Buhari is dead Una no go wan gree

Okay na
Re: Fuel Subsidy: After Seven Years, Buhari Transfers Burden To Successor by Angelfrost(m): 9:36am On Jan 29, 2022
Not just the burden of fuel subsidy...

What about the burdens of:

Worsening Insecurity
Disunity
Economic Decline
Unemployment
Corruption
Etc...

1 Like

Re: Fuel Subsidy: After Seven Years, Buhari Transfers Burden To Successor by ThiefnubuBandit(f): 9:43am On Jan 29, 2022
Ogaga87:



Urhobo man, you are sighted... grin

Oniovo mee

2 Likes

Re: Fuel Subsidy: After Seven Years, Buhari Transfers Burden To Successor by bjtinz: 9:43am On Jan 29, 2022
Another failure by this government.

The truth is, you really can't blame Nigerian for rejecting the removal. We don't trust them anymore with our money. Most believe this is the only thing they enjoy from govt, so let it remain even if indefinitely.

The fear, given experiences in the past is, if the subsidy is removed, will the the so-called savings trickle down to the average Nigerian?
Re: Fuel Subsidy: After Seven Years, Buhari Transfers Burden To Successor by TojuOke: 9:44am On Jan 29, 2022
Empty promises and false hope forced on us by Tinubu
Re: Fuel Subsidy: After Seven Years, Buhari Transfers Burden To Successor by Idamond: 9:45am On Jan 29, 2022
Agbegbaorogboye:

Tell someone close to you they should help me slap you.
grin
Re: Fuel Subsidy: After Seven Years, Buhari Transfers Burden To Successor by jaytee01(m): 9:49am On Jan 29, 2022
Ruggedniggaone:
Buhari is the kind of president every sensible nation must pray not have, the dullard is the perfect example of one chance president a completely failure and shameless liar
Re: Fuel Subsidy: After Seven Years, Buhari Transfers Burden To Successor by NickD(m): 9:56am On Jan 29, 2022
Racoon:
"Any person who is obsessed with proclaiming his so called integrity at the slightest opportunity but won’t investigate, much less fire, shady characters he has appointed to work with and for him can’t possibly be truly a person of integrity.

This attitude of mollycoddling corrupt but loyal aides and appointees while pretending to be a man of “integrity” who is “fighting” corruption is getting worse by the day indicates that, in spite of self-righteous declarations to the contrary, Buhari is himself morally indistinguishable from his crooked cronies.

So it is impossible to deploy the resources of logic to argue that Buhari has integrity.He doesn’t. Well, unless integrity means something to Buhari supporters other than what it actually means in the English language."
https://www.google.com/amp/s/www.dailytrust.com.ng/amplite/adeosun-s-nysc-certificate-is-as-fake-as-buhari-s-integrity-260912.html

Afamed, Helinues, Seunmsg, NgeneUkwenu,
You can never see on these kinda threads. Lol, don't bother.
Re: Fuel Subsidy: After Seven Years, Buhari Transfers Burden To Successor by Nobody: 10:12am On Jan 29, 2022
Dapinski:


Not true. Depends on who his successor is. Buhari fell short of being a very good President because of his gradualist, socialist and conservative leanings that makes him sympathetic to throwback ways and ideals that cannot succeed today.

Buhari's biggest failings is his 'my way or the highway' mentality.

He then finds appointees, like Malami etal, who will indulge his pursuit of sentimental and unworkable policies instead of using uncompromising and desulg-driven technocrats who will always tell him the the truth enroute to delivering optimal solutions to problems facing Nigeria.

A modern, visionary, exposed and aggressively socio-capitalist leader, solely focused on square pegs in square holes, can succeed easily where Buhari failed.

Buhari's failings are symptomatic shortcomings of his inability to separate personal convictions from what has to be done to attain success and deliver solution.

An apt example is Buhari sentimental and logically unworkable insistence on re-establishment of redundant grazing routes for for Cows when all experts have told him the worthlessness of such plans.

All very correct.

But the truth is, no matter who we replace Buhari with, Nigerians are not going to agree to subsidy removal.

No matter how it is explained ...and GEJ did a good job of explaining subsidy removal which convinced holdouts like me to change their minds...MOST people won't change their minds.

1 Like

Re: Fuel Subsidy: After Seven Years, Buhari Transfers Burden To Successor by venabili: 10:13am On Jan 29, 2022
backbencher:


Exactly, and it was for this same reason that GEJ too refused to remove fuel subsidy.

For Nigerians, a good economy is one where they can buy things cheaply...so that they can have enough cash to fund their dependents, and also have enough in de bank. That's not how it works. People who make the things we buy have to be paid....

Good post. I never supported the continuation of this fuel subsidy especially with our porous borders and the opacity of the subsidy regime itself.

One thing you did not talk about though is the comments by Buhari that subsidy does not exist and claiming to pay such is a fraud.
Secondly, the one refinery a year promise he made. If that had been kept, we will likely not be talking subsidy. Were this just political ploys to clinch the presidency? What does that say about his integrity?

1 Like

Re: Fuel Subsidy: After Seven Years, Buhari Transfers Burden To Successor by Masterclass32: 10:24am On Jan 29, 2022
They're always transferring burden.

From, "we'll bring change", to , "change begins with you".

2 Likes

Re: Fuel Subsidy: After Seven Years, Buhari Transfers Burden To Successor by Osiris12: 10:37am On Jan 29, 2022
Formularcr7:
No matter how long,we will get there
at this pace and with some illiterate interloper campaigning for Tinubu already?

My brother, we’re going no where
Re: Fuel Subsidy: After Seven Years, Buhari Transfers Burden To Successor by BeardedmeatR(m): 10:38am On Jan 29, 2022
benuejosh:
Ahap!
I love the fact that you shut your mouth this time.
Re: Fuel Subsidy: After Seven Years, Buhari Transfers Burden To Successor by maak400: 10:39am On Jan 29, 2022
Dangote already said he'll sell his petrol based on international oil prices, so nothing like reduced price of pms.
Winters23:
Technically this problem will resolve itself with the passing of time.

Dangote refinery is expected to begin production within the next 18 months and if the reports are correct, it can supply local demand and thus ending import of pms and subsidy dies a natural death.

But who knows dangote will still collect subsidy to sell below 150 naira per liter, these are just possibilities.

Good days in sight guys...

1 Like

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