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Nairaland Forum / Nairaland / General / Politics / Petrol Subsidy ‘return’: NNPCL, IMF Disagree Over N8.43trn Loss (18274 Views)
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Re: Petrol Subsidy ‘return’: NNPCL, IMF Disagree Over N8.43trn Loss by edungene7: 7:03pm On May 12 |
Those standing on the mandate how market we warned you all but you refused all we wanted was good governance those criminals you supported today have more than enough that will last them a century they don't buy fuel they get free data and airtime from the telecos they feed free from government pot the have security detailed to follow them and their family members las las una go get sense |
Re: Petrol Subsidy ‘return’: NNPCL, IMF Disagree Over N8.43trn Loss by DeepSight(m): 7:05pm On May 12 |
BigDawsNet: This is a good question. The simple answer though, has been known for millenia. Print too much, and it becomes worthless. |
Re: Petrol Subsidy ‘return’: NNPCL, IMF Disagree Over N8.43trn Loss by onatisi(m): 7:33pm On May 12 |
Tapout: It seems as if Tinubu intentionally raised fuel cost so that he will be paying more to his friends and cronies who helped him win the election . Now he is paying over 1 trillion naira as subsidy every 30days |
Re: Petrol Subsidy ‘return’: NNPCL, IMF Disagree Over N8.43trn Loss by MrB0LD(m): 7:33pm On May 12 |
ednut1: Hmmmm... Sense dey wetin you talk oo.... Now I understand |
Re: Petrol Subsidy ‘return’: NNPCL, IMF Disagree Over N8.43trn Loss by ObongNkakad: 7:34pm On May 12 |
Pythagoras001: You are right, I remember how we used to play with diesel back then as a child. But now, diesel is so expensive! It doesn't make any sense |
Re: Petrol Subsidy ‘return’: NNPCL, IMF Disagree Over N8.43trn Loss by VeeVeeMyLuv(m): 7:36pm On May 12 |
oluwaseyi0:He should bring the exchange rate back to N500 to $1 the way he met it |
Re: Petrol Subsidy ‘return’: NNPCL, IMF Disagree Over N8.43trn Loss by Israel07: 7:43pm On May 12 |
nairalanda1: You're making no sense, the removal of subsidy has yielded nothing. That's what the person you quoted is saying. Landing cost wouldn't get to the price you quoted if the subsidy wasn't removed and Naira wasn't floated. If you want to defend this failures in government, do it with a bit of intelligence. The present inflation in the price of commodities was caused by the two policies that was careless implemented without due diligence. The people suffered for nothing, no Money was saved, and if it was saved it is as well gone. Naira was floated only for the government to go back to backing it with Reserve after accusing Emefiele of the same thing, in similar manner fuel subsidy is back yet neither Naira nor Fuel pump price went back to their original value. The situation is very bad and as Patriotic Nigerians it's highly irrational that the masses with a large percentage of plebs among them can't afford a cup of garri no more as it's well over #200 in some parts of the country and you come on here to type rubbish from the comfort of your house. That's highly insensitive of you, children are getting malnourished and starving due to the failure you support. Tinubu, Buhari and Soyinka claimed subsidy removal was a scam, used it as a propaganda to bundle GEJ out only for Buhari to implement it at the end of his tenure and Tinubu made a complete mess of it. Why didn't they allow the fuel subsidy to be removed then? It was #145 and Naira was just #160. 9 years of APC and everything is in complete chaos. Let's be humane and speak the truth at all times. PDD was corrupt but they're saints compared to the hell APC put Nigerians through. 3 Likes 1 Share |
Re: Petrol Subsidy ‘return’: NNPCL, IMF Disagree Over N8.43trn Loss by nairalanda1(m): 7:45pm On May 12 |
Israel07: Okay, take the debt. It's your choice. Government has no right to set your prices. P. S. If we had removed subsidy in 2012 we won't have been in this mess PS2. I don't support this government or the opposition. I see things as they are 1 Like |
Re: Petrol Subsidy ‘return’: NNPCL, IMF Disagree Over N8.43trn Loss by ObongNkakad: 7:55pm On May 12 |
Mehnnnn fvck that senile pee-dispensing selfish dullard in Aso rock. He only wanted to answer President. 1 Like |
Re: Petrol Subsidy ‘return’: NNPCL, IMF Disagree Over N8.43trn Loss by Alliswell248: 7:55pm On May 12 |
mactoni91:In another development, he has made history as the first civilian president to ignore the dot nation., and increase their wailing. Seven more years of wailing for the perennial sore losers.... |
Re: Petrol Subsidy ‘return’: NNPCL, IMF Disagree Over N8.43trn Loss by alphaNomega: 7:56pm On May 12 |
BigDawsNet:you are not supposed to have enough money to be comfortable, that is why you pay taxes |
Re: Petrol Subsidy ‘return’: NNPCL, IMF Disagree Over N8.43trn Loss by Bluntemperor: 7:57pm On May 12 |
Kanixt: Good,but if goods and services are to come down, Production Sector / Industrial Sector should be the Focus and be at Maximum! Let's do the analysis of the sectors that readily comes to mind: 1- Agric --low much are they Producing because we don't hear both Ministers ( Minister of State included). This is a vast Sector that should be able to feed ALL Nigerians,if well harmonised,but none of those leaders heading the Sector is talking or are doing anything for us to lay our hands on! We only know when they spend the Annual Budgets,as usual. 2.Industries - honestly,Mrs Uzoka-has been up and down on these Industries but she is handicapped because of No -Light,as almost all industries are on Generators in Nigeria! 3.Power/ Light Sector: •Untill we Nigerians get it into our Facility that - without Govt Fixing this All Important Sector,we can't move forward, neither can Nigeria Employe her 30% Youths - who are restless because of the Age Grades and because there is no job! - what is the States Governors doing in providing lights? - Where is the Power Minister-in all this? I really pity this Minister-because since independence/ Decades ago,No Improvement in this Sector- because of Corruption! YET THIS POWER SECTOR DRIVES ALL- OTHER SECTORS OF THE ECONOMY and we are failing in Generating and Distributing Power - let us ask DISCOS - why there is no Constant Lights? • Ghana And Republic of Benin have all Stopped -using Generators to run their businesses.How is Nigeria going to do it and move fast about it? 4.Production that is Export Driven; - the more we Export our goods and Services,the greater the FOREX! Even now these Products in Nigeria are few and expensive because we have had all been used to Subsidies - of the Crude Oil! 2 Likes |
Re: Petrol Subsidy ‘return’: NNPCL, IMF Disagree Over N8.43trn Loss by Exceed15: 7:57pm On May 12 |
slivertongue: They will soon be flushed out. |
Re: Petrol Subsidy ‘return’: NNPCL, IMF Disagree Over N8.43trn Loss by alphaNomega: 7:57pm On May 12 |
Alliswell248:in this aspect he is doing very well. kudos meanwhile NMK's rent for another 8 years has been convered with this new subsidy regime |
Re: Petrol Subsidy ‘return’: NNPCL, IMF Disagree Over N8.43trn Loss by Israel07: 7:57pm On May 12 |
nairalanda1: You're not!. You said it's good that this government removed subsidy claiming landing cost would have created a huge deficit while the person you quoted was saying it would have been better it was left the way it was. Landing cost would have almost remained the same if the Naira wasn't floated and subsidy was left in place. The change in landing cost is as a result of bad implementation of this two policies. I'm surprised at how fast you changed ur stance on your support for the government which is what you clearly did and went as far as claiming that him wanting subsidy to remain would have meant huge deficit that will strain the government to cover. All this is not the issue at hand. Naira is being backed yet no improvement, neither did it go back to its original value before it was floated now subsidy is as well back, almost double the amount of the past government while fuel is at over #500. This is what you should be talking about if you claim to see things as they are 3 Likes 1 Share |
Re: Petrol Subsidy ‘return’: NNPCL, IMF Disagree Over N8.43trn Loss by BigDawsNet: 7:57pm On May 12 |
franconian: Whats the secrets in Qatar and UaE... I believe citizens and residents don't pay taxes |
Re: Petrol Subsidy ‘return’: NNPCL, IMF Disagree Over N8.43trn Loss by BigDawsNet: 7:57pm On May 12 |
DeepSight: Whats the secrets in Qatar and UaE... I believe citizens and residents don't pay taxes |
Re: Petrol Subsidy ‘return’: NNPCL, IMF Disagree Over N8.43trn Loss by BigDawsNet: 7:58pm On May 12 |
alphaNomega: Whats the secrets in Qatar and UaE... I believe citizens and residents don't pay taxes |
Re: Petrol Subsidy ‘return’: NNPCL, IMF Disagree Over N8.43trn Loss by Alliswell248: 7:58pm On May 12 |
onatisi: In fairness, there is still subsidy. But how many people can buy the fuel if govt decide to remove all subsidy. Fuel can't be less than a thousand per litre. |
Re: Petrol Subsidy ‘return’: NNPCL, IMF Disagree Over N8.43trn Loss by Exceed15: 7:59pm On May 12 |
Apc , Tinubu are Nigeria greatest mistake. They have nothing to offer except to run their mouths like a running tap. |
Re: Petrol Subsidy ‘return’: NNPCL, IMF Disagree Over N8.43trn Loss by leo22(m): 8:00pm On May 12 |
At times like this, the minister of Peter obi matters and BAT laundry man, Reno Omockery, becomes deaf and dumb. Mugu He has stopped giving us updates on the Dollar/Naira exchange rates. Poor son of Esau. 1 Like |
Re: Petrol Subsidy ‘return’: NNPCL, IMF Disagree Over N8.43trn Loss by alphaNomega: 8:01pm On May 12 |
BigDawsNet:they don't. and they are not 108 million (or 200 million like nigeria fraudulently claims) |
Re: Petrol Subsidy ‘return’: NNPCL, IMF Disagree Over N8.43trn Loss by bdon123(m): 8:07pm On May 12 |
ijustdey:I dont know why Nigerian govt dey deceive their self.Crude oil prices has been changing ,since cancellation of subsidy thereby changing landing cost.therefore it is impossible for pump price to remain same if govt is not somehow paying subsidy to maintain pric.....we go schl na so why d great lies.Meaning there is zero transparency in govt financial dealings. 2 Likes |
Re: Petrol Subsidy ‘return’: NNPCL, IMF Disagree Over N8.43trn Loss by BigDawsNet: 8:11pm On May 12 |
alphaNomega: I think it's a propaganda shtt... Our real population should be around 120m... Qata may introduce taxes someday if they grow in population |
Re: Petrol Subsidy ‘return’: NNPCL, IMF Disagree Over N8.43trn Loss by Fearyourcreator: 8:12pm On May 12 |
onatisi:You are making noise abeg |
Re: Petrol Subsidy ‘return’: NNPCL, IMF Disagree Over N8.43trn Loss by tymicjay77: 8:24pm On May 12 |
Abeg oooo, when there was subsidy we dey buy fuel for 145 naira per liter , now there is still subsidy and we dey buy fuel for 800 plus per liter abeg shey no be juju be that Until we stop tribalistic politics, politicians we always see us as fool to bang anyhow..... If any one condemned or protest they will tag the person obedient or igbo, yet we are all facing the same heat either igbo, yoruba or hausa.... The craziest things about Nigeria is that no matter how we all suffered, once election come again we go don forget all the pain we go still go vote for that empty good for nothing politician just because he is from our tribe..... 5 Likes |
Re: Petrol Subsidy ‘return’: NNPCL, IMF Disagree Over N8.43trn Loss by AfDapone: 8:29pm On May 12 |
Putindbutt: But una dey run to them go borrow money. If you no fit meet your debt obligation, una go con dey plead for debt forgiveness. Wen wetin you suppose meet your debt obligation, you don use am pay subsidies to enrich some other people and you are here thinking they don't know what they are saying. |
Re: Petrol Subsidy ‘return’: NNPCL, IMF Disagree Over N8.43trn Loss by Essence20(m): 8:34pm On May 12 |
I hardly see any BATeria miscreants defending their master as usual, hope you guys are still standing on the mandate |
Re: Petrol Subsidy ‘return’: NNPCL, IMF Disagree Over N8.43trn Loss by Marpol: 8:43pm On May 12 |
Curious345: Do you think Dangote made his billions by being foolish or sentimental? He knew subsidy had not been removed which is why he's only refining AGO and JET A1. |
Re: Petrol Subsidy ‘return’: NNPCL, IMF Disagree Over N8.43trn Loss by KanoSeller: 8:51pm On May 12 |
Melagros:Nigerians regretted more, can you imagine buhari is 100% Better 1 Like |
Re: Petrol Subsidy ‘return’: NNPCL, IMF Disagree Over N8.43trn Loss by goldmatrix(m): 8:56pm On May 12 |
BATeria eating the very stem of the economy to it marrow. Outside drugs and being a tax collector what else does he know. Does he has any producing firm? Tueh |
Re: Petrol Subsidy ‘return’: NNPCL, IMF Disagree Over N8.43trn Loss by Bluntemperor: 9:05pm On May 12 |
Ofemannnu: |
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