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NNPC: We Are Selling Petrol At Half The Landing Cost — But It Is Not Subsidy - Politics (2) - Nairaland

Nairaland Forum / Nairaland / General / Politics / NNPC: We Are Selling Petrol At Half The Landing Cost — But It Is Not Subsidy (19001 Views)

It Is Not Subsidy: NNPC Explains Why It Sells Fuel Lower Than Landing Cost / NNPC: We Spent ₦966 Billion On Pipeline Repairs Between 2010 And 2015 / We May Start Selling Petrol Above N145 –IPMAN (2) (3) (4)

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Re: NNPC: We Are Selling Petrol At Half The Landing Cost — But It Is Not Subsidy by Grace001: 12:42pm On Aug 20
Believe this jokers at your own peril.

The ballgame is tell Nigerians what they want to hear and the gullible supporters will swallow it without reasoning . They know some Nigerians na mumu


Failed country.

5 Likes

Re: NNPC: We Are Selling Petrol At Half The Landing Cost — But It Is Not Subsidy by INTEGRITYA1(m): 12:42pm On Aug 20
These people should do and let our local refineries start working.

5 Likes

Re: NNPC: We Are Selling Petrol At Half The Landing Cost — But It Is Not Subsidy by Funkyswagzz(m): 12:42pm On Aug 20
Lol funny people

1 Like

Re: NNPC: We Are Selling Petrol At Half The Landing Cost — But It Is Not Subsidy by Joey4321: 12:43pm On Aug 20
MVLOX:
Na come wetin.... Dis people really think Nigerians are dumb cha

Nigerians are dumb

5 Likes

Re: NNPC: We Are Selling Petrol At Half The Landing Cost — But It Is Not Subsidy by Tochi360: 12:43pm On Aug 20
Ofcus it is not subsidy but a well organized fraud.

7 Likes

Re: NNPC: We Are Selling Petrol At Half The Landing Cost — But It Is Not Subsidy by RandomFellow: 12:43pm On Aug 20
Illiterates
Re: NNPC: We Are Selling Petrol At Half The Landing Cost — But It Is Not Subsidy by RepoMan007: 12:44pm On Aug 20
Lol. It is under-recovery I guess. Lol.
Re: NNPC: We Are Selling Petrol At Half The Landing Cost — But It Is Not Subsidy by Sapeleboy911(m): 12:44pm On Aug 20
Subsidy don get new meaning. Nigeria truly I hail thee, I pity those useless urchins supporting these politicians.

6 Likes

Re: NNPC: We Are Selling Petrol At Half The Landing Cost — But It Is Not Subsidy by Scandium: 12:45pm On Aug 20
But this country is very funny oo. What is actually the problem why Nigeria cant get 24 hours electricity? Is it mission impossible or what is wrong exactly.

Now all these money they are lamenting about using to buy millions of litres of fuel daily, if there is stable electricity in the country, the fuel consumption will reduce drastically because a very large percentage of that fuel they claim they are subsidizing goes for generator use especially for businesses in areas suffering epileptic power supply.

Make them fix electricity using nuclear, hydro or gas turbine systems and watch the consumption of fuel reduce. While they recover the money used in generating the electricity through payment of light bills on prepaid meters and other viable methods.

But the main question remains, why cant Nigeria fix it's electricity in this modern age and reduce the consumption of fuels like Petrol and Diesel drastically?

2 Likes

Re: NNPC: We Are Selling Petrol At Half The Landing Cost — But It Is Not Subsidy by OnyeFely: 12:46pm On Aug 20
What is it then if it's not subsidy? These people have seen us finish, they know we are incapable of doing anything.

3 Likes

Re: NNPC: We Are Selling Petrol At Half The Landing Cost — But It Is Not Subsidy by Antoeni(m): 12:47pm On Aug 20
If You Believe These Demon , Na You Sabi

1 Like

Re: NNPC: We Are Selling Petrol At Half The Landing Cost — But It Is Not Subsidy by Ajofiapero(m): 12:47pm On Aug 20
Robbing Peter to Pay Paul.

Una just baptize Subsidy give am new name thinking you can fool all the people all the time.

If our refineries start work shebi subsidy Don go be that, but never, they would rather give it a new branding "Shortfall"

Tueh

4 Likes

Re: NNPC: We Are Selling Petrol At Half The Landing Cost — But It Is Not Subsidy by Lovit(m): 12:47pm On Aug 20
This is like a man saying she is not my wife but my spouse grin

7 Likes

Re: NNPC: We Are Selling Petrol At Half The Landing Cost — But It Is Not Subsidy by Honestey: 12:49pm On Aug 20
These people want to make someone brain turn oo

5 Likes

Re: NNPC: We Are Selling Petrol At Half The Landing Cost — But It Is Not Subsidy by Erix1600(m): 12:49pm On Aug 20
It's not subsidy you said. Then what is it called?
Teacher! Make una no teach us nonsense.
Yeye dey smell!

3 Likes

Re: NNPC: We Are Selling Petrol At Half The Landing Cost — But It Is Not Subsidy by chukel(m): 12:49pm On Aug 20
Tinubu is the worst thing that happened to Nigeria. Man is a devil in all ramifications

4 Likes

Re: NNPC: We Are Selling Petrol At Half The Landing Cost — But It Is Not Subsidy by chukel(m): 12:50pm On Aug 20
I really want to see how agbadorians will defend this one

3 Likes

Re: NNPC: We Are Selling Petrol At Half The Landing Cost — But It Is Not Subsidy by onatisi(m): 12:51pm On Aug 20
Yourprick:


https://www.thecable.ng/nnpc-we-are-selling-petrol-at-half-the-landing-cost-but-it-is-not-subsidy/amp/
Yes ooo. The man is right . It is not subsidy,it is actually super subsidy .
Anyone that supports Tinubu ought to be burnt alive . I think it is right time we start raining curses on this government supporters

5 Likes

Re: NNPC: We Are Selling Petrol At Half The Landing Cost — But It Is Not Subsidy by Softmen: 12:51pm On Aug 20
See him head like Tinubu head


CRIMINALS

4 Likes

Re: NNPC: We Are Selling Petrol At Half The Landing Cost — But It Is Not Subsidy by chccho(m): 12:51pm On Aug 20
ruggedtimi:
Why are we importing petrol??
How or why is the NNPC importing PMS

1 Like

Re: NNPC: We Are Selling Petrol At Half The Landing Cost — But It Is Not Subsidy by SafePromotions: 12:52pm On Aug 20
You go explain tire

2 Likes

Re: NNPC: We Are Selling Petrol At Half The Landing Cost — But It Is Not Subsidy by Smartgeek(m): 12:56pm On Aug 20
Changing the name of "subsidy" to "shortfall" doesn't make it a subsidy ?

These people no rate us at all. smiley

5 Likes 1 Share

Re: NNPC: We Are Selling Petrol At Half The Landing Cost — But It Is Not Subsidy by Ebigwei007: 12:57pm On Aug 20
Yourprick:


https://www.thecable.ng/nnpc-we-are-selling-petrol-at-half-the-landing-cost-but-it-is-not-subsidy/amp/
they are just playing pranks with us, if na obodoyibo now, alot of people for don go jail. Tinubu is failing in all angle

2 Likes

Re: NNPC: We Are Selling Petrol At Half The Landing Cost — But It Is Not Subsidy by PARADIZEPRIEST: 12:58pm On Aug 20
It will neva.be well with you evil oil rulers theres ,LET ALL YA EVIL COVER UPS AND LIES DROWN YA MKYARISangry
Re: NNPC: We Are Selling Petrol At Half The Landing Cost — But It Is Not Subsidy by Willie2015: 12:59pm On Aug 20
GanagiBitrus:


If this is not subsidy, then what is it?

Anyway whether you call it Shortfall or Palliative is not even the main issue. The major concern is that Govt should do everything possible to crash the price of fuel, which will in turn curb inflation.

FG can only crash fuel price
If refineries are functional...
We all know that they are not interested ...
Re: NNPC: We Are Selling Petrol At Half The Landing Cost — But It Is Not Subsidy by nairalanda1(m): 12:59pm On Aug 20
When people lie, it is blody obvious

Shortfall is another word for subsidy, especially since the government pays off the shortfall.

But as we can see, government is struggling to pay the shortfall, and the result is the scarcity we see, since NNPC can't afford to import fuel again.

The way forward really is basically, GOVERNMENT LETS THE NNPC and everyone SELL FUEL AT N1300 and above per liter.

It's the only answer, otherwise, people, we will see the same mess and lying we have been seeing for generations. Infact, we have been TOLD REPEATEDLY since 1993, and especially in 2012, THAT THE SUBSIDY HAD TO GO.

IN 2012, GOVERNMENT even produced easy to understand propaganda adverts that explained the whole thing self. I remember, it woke me up. That and other comments.

But we have decieved ourselves into thinking that keeping subsidy is what protects us from inflation...meanwhile under subsidy, inflation is worsening. What else is new?


But most Nigerians from the ojota crowd to the obidents are only interested in using subsidy as a stick to beat the other side, while in their heart of hearts, they want fuel to sell at N40. It is cracy thinking, but there it is. Yesterday, people support one side, today, people support the other.

Most Nigerians live in sugarcandy land when it comes to subsidy. And if you tell them that it makes sense to sell petrol at a profit, the abuse starts.

Anyway, enough of playing with seven year olds who don't get basic capitalism.
Re: NNPC: We Are Selling Petrol At Half The Landing Cost — But It Is Not Subsidy by Natbrowny: 1:03pm On Aug 20
Blazetrailer:
LOL!

....aka SUBSIDY

U sef notice. Dats a disguised subsidy.

Somebody is swallowing the same subsidy dey claim dey removed.

See as country hard. 1k break b like paper. Everything cost

2 Likes

Re: NNPC: We Are Selling Petrol At Half The Landing Cost — But It Is Not Subsidy by gabbasin(m): 1:06pm On Aug 20
The truth is Tinubu doesn't want to be seen doing a volte-face as per his inaugural subsidy removal announcement, so they are giving it another name: "selling below cost price". In Buhari's time it was called "under recovery". The unfortunate thing for him is opposition are using it against him, either they claim he's wicked for removing subsidy and in another claim he's being castigated for paying subsidy which he had announced has been removed

4 Likes

Re: NNPC: We Are Selling Petrol At Half The Landing Cost — But It Is Not Subsidy by spiSeyi: 1:06pm On Aug 20
Just like saying I no longer smoke weed but I now cook it with my food grin

3 Likes

Re: NNPC: We Are Selling Petrol At Half The Landing Cost — But It Is Not Subsidy by Greattha: 1:07pm On Aug 20
Pele o...GOOD SAMARITAN

You love Nigerians so much you're "
"bearing the shortfall "

So you're doing business at a loss for the sake of Nigerians

It's not subsidy so what is it

Kai...these people really take Nigerians for fools.




Yourprick:


https://www.thecable.ng/nnpc-we-are-selling-petrol-at-half-the-landing-cost-but-it-is-not-subsidy/amp/

2 Likes

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