Sanusi the CHIEF FRAUD STAR HAS SPOKEN, He has started with his the propagada to assist the GEJ to defraud nigerians again. Don't you know that the 6% rich in nigeria are not the one to pay for the subsidy when it is removed, it is the Poor and middle class of 94% of the population that will pay the 6% rich for the subsidy, if it is removed; Because the economy is controlled by the 6%.So, if the government removes it, the 94% will technically pay back the amount removed to the 6%.Removal of the fuel subsidy will make the cabals richer and inflation rate will Jump by at-least 20% because crude oil is the mainstay of the economy.That is the Truth.

The past and present government officials are the financier of the business tycons we are calling cabals, and the goverment technically shut down our refineries to profit from importation of petroleum products.


If the government is faithful, Let GEJ revive the 4 refineries within 24months and to build more subsequently with the removal of the subsidy in phases within the 24months, so that it wont affect the economy. Afterward a total band on importation of petroleum products which will be done in phases within the 24 months- with an oath to all Nigerians. Also,private investors should be encouraged to build refineries in this nation. We might end up buying petrol for not more than 65 naira The truths is that the crooks will not want to loose their business outfits.

Sanusi is not a saint but a PROFESSIONAL FRAUD TOOL in the hand of GEJ. The two big banks oceanic and intercontinental and others were technically taken over by the CABALS,GODFATHERS AND GEJ. Imagine the sale of Intercontinental for 50billion.The evil strategy he used to take over those banks, a boy of 10yrs can apply the same. The whole process of banking reform is a BIG FRAUD, including AMCON. You the onlookers won't know what is happening underground because they have packaged you to think in a certain way or direction.All those noise you are hearing over the TV, Dailies and Radio by Sanusi are all propaganda to package all Nigerians.

No body will ever know that OBJ took over the 2nd largest bank in Nigeria when he was in power. What you are seeing today is the strategy to seal all their underground deals or buy over of those banks, buy more oil well, buy up PHCN etc. You never ask yourself why is repairing and building more refineries not a priority to the government.GEJ objective is to loot using professionals just like OBJ and the then CBN governor among others.

They will package their evil game plan as a benefit to the public in other to steal. What GEJ is telling us about fuel subsidy removal today, Babangida, OBJ told us the same. But today where is the money and where is the magin, where are the roads and infrastructures and other things they promised.

The game plan is simply to use the money for the public for 1-2 yr, then they go away with the subsequent money and deletion of the source of funds from paper and all they will tell you is that the funds are being used for so and so.

Must everyone that rule Nigeria loot?

I AM CERTAIN IN MY HEART THAT ANY MAN THAT LOOT THIS NATION WILL EXPERIENCE THE WRATH OF GOD AND THEIR CHILDREN UNBORN WILL NOT ESCAPE GOD'S WRATH.

If 6% depositors own 88% of bank deposit in Nigeria, then we all have to sit down and think.

PLEASE PRAY EARNESTLY FOR THIS NATION THAT GOD SHOULD HAVE MERCY ON US AND EXTINCT THE EVIL MEN AND TAKE OVER THIS NATION.

I do have a lot of respect for the position of SLS on this issue and strongly believe that this is what needs to happen.

Just to correct that okada, maruwa, cars of private individuals who are not rich by any means, quite a lot of transportation of goods to the small markets that are used by a majority of traders where the vast majority of Nigerians buy their food and products and most personal use generators is powered by PMS and we need not trivialise the level and nature of the hardship that people are experiencing.

There is also a lot of mistrust of the government that is proving impossible to overcome and in this regard, the government needs to give a little so that they are seen to be practising what they preach and the citizenry are persuaded to make some sacrifices as well.

While I still believe that de-regulation is the final way to go, I am also confident that this should ultimately deliver the price of 65 or even lower if managed properly and it might mean that they get crude at cost.

President Jonathan lost his focus which should have been on the people and how he can implement policies that do not cause unecessary hardship. It does appear that while his attempts to take corrective action afterwards is the right step to take, the impact of them is insignificant relative to the stresses caused and it is time to go back to the drawing board and rethink by looking at both plan c and d and as many other as is necessary. He needs to be able to take the Nigerian people along with him.


As an interim measure(say for 6 months), there needs to be a restoration of the subsidy maybe not to petrol pump price of N65 put not more than N90. The contract to get costs at this level needs to be specific both in price and quantity. It needs to be a rolling month contract so that marketers know they risk losing their contract for failure to perform and to only use marketers who have demonstrated efficiency in the logistics and provide minimum add on cost. The bottlenecks that led to delays and increased cost should be identified and corrective actions taken. Since there is strong indication that controls have been compromised then its negligent of the FG not to think of new ways to do business and introduce another method of checks and balances (why not require proof of purchase and build into contracts the ability to make checks with the company that sold the oil. Why not make appointment to the PPPRA not more than 2 years, why not require a bit more details from the port authority official who said he saw and inspected the cargo by requiring start and end time of the cargo inspection and require 2 different departments to inspect).When the FG is able to demonstrate its commitment to the process of making Nigeria self sufficient by increased capacity at the refineries then the cost should come down as less and less would need to be imported.

If the government is asking the people to make adjustments, they need to demonstrate by practising what they preach i.e review their budget and spend by looking to make meaningful efficiency savings and require the same from the legislative arm. No legislature should be able to be paid more than what is paid to the President of the USA even thinking about this makes me shudder at how obscene this is.

It is only when a Government is able to demonstrate fiscal and budgetary responsibility that they earn the right to demand same from the people. So until we know what adjustments both the executive and legislative arm are prepared to make the pump price should be left at N65.

We need to all be in this together.

we r such a funny set of people, asking for cheap pms, truely the intelligent one are not yet born,
unfortunately most of us that should know better have our priorities in reverse.

DaLover:

we r such a funny set of people, asking for cheap pms, truely the intelligent one are not yet born,
unfortunately most of us that should know better have our priorities in reverse.

The more you think you know, the less you actually know; the more you think you see, the less you actually see.

Wow, always amazes me when we so-called educated Nigerians can't see the blindly obvious. Sanusi's excellent write-up (actually has been available for sometime now) Sanusi's has asked for direct subsidy, using Iran as an example. Why can't our loving Nigerian government rather than pay millions of naira and dollars into the pockets of privileged civil servants, oil marketers, etc The Government should pay every Nigerian a cash payment every month as petrol subsidy - start by implementing minimum salary with immediate effect, this is substantially cheaper N1.3Trillion spent on none existent PMS

Beautiful nonsense!

Sanusi is not the problem. He means well. PDP and their cohorts are the problem. Here is a government who has not funded university education and what does our president do? He creates 9 new universities out of the blue to please certain states. Now AASU is on strike. Is that wise ? I saw the SURE document and one of the projects is the East-West road started under obasanjo. Now you have the Niger Delta Development Commission(NDDC),Ministry of Niger Delta,Federal Ministry of works and now SURE on just one road ? What of the NEEDS and SEEDS program under obasanjo ? All the ministers in this cabinet are they sincere ? Sanusi is not gonna implement this projects mind you. Look if u remove the subsidy today, the corrupt people/cabal won't dissappear o, they will just move to another industry or find another loophole and continue ripping us off unless they are prosecuted.

Sanusi is officially my mentor! The govt cant kip doing "father christmas" 4 us if we r askin dem 4 a reform! This removal of subsidy is very necessary 4 nigeria 2 be reformed. D NLC/TUC shld realise this and call off d strike alredy!

Spot On. Absolutely Brilliant.

A lot of Nigerians just cannot handle the truth. They will rather resort to abuse than accept an informed view.

The is also a lot he cannot say.

Sanusi laid it out clearly. He was right Nigerians dont listen and as far as i am concerned they dont even read to comprehend.

The vast majority of commentaries here suggests that the government print money, correct corruption etc etc etc. Government, Government, Government.

Government is a reflection of the people it governs. A good people cannot in a million years produce a bad government and sadly, neither can bad people create good government.

The government has to rely on its people and agencies (manned by NIGERIANS) to do the right thing and do their jobs honestly. Every plan put in place has been circumvented by Nigerians.

It is the Nigerian people thwarting every effort to destroy all of the evils in our society.

Before you continue calling SLS names please take a minute to answer his parting question - what contribution has your anybody in your extended family structure made to Nigeria?

The average Nigerian is a rogue and that s the problem.

Daregold please re-read Sanusi's replies and tell us your family's contribution.

And lets see your CV.

This is a long shot, however, can we by chance have Sanusi Lamido Sanusi, President Jonathan, Ngozi Iweala, David Mark and Tanbuwall in the same conference room and of course ready to answer questions on a live TV broadcast moderated by BBC, CNN and Aljazeera

NTA, CHANNELS TV, SAHARA REPORTERS can not do the job (they are all compromised), but we can still trust foreign journalists to at least broadcast the interview live and accept phone calls from random people.

In my opinion, these guys have a lot of questions to be answered.

@faithinnaija,

God bless u oh. We as a people shld ask the govt to increase minimum wage, grant transportation tax waiver, provide pms voucher and any other innovative ways of getting this subsidy directly to the masses (the consumer) instead of paying the oil marketers that r nt sincere. Y r we struggling for few oil marketers to continue getting subsidy, Y r we nt asking the govt to increase minimum wage or provide pay PMS allownace and grant transport tax waiver to cushion the effect? Y r we so blind to facts?

What I see here is that, pple r filled with so much hatred (maybe from events of the past) that they have refused to listen or reason in this direction, to their own detriment. Who gains the most if fuel is back to 65 naira? Is it not the cabal, past military men, past govt officials, present Executive and NASS? r they nt on the board of some of this companies?

Pls we r on the wrg track here, the govt shuld pay, petrol allowance or something directly to the poor to cushion the hike in price, instead of paying few insincere pple.

Subscribing,

How people here expect Sanusi(CBN boss) to be the one to stop corruption in NNPC/subsidy administration is beyond me.

Allocate 40-50 gallon per month direct to registered drivers per month, meaning, you pay the N145 per liter and goverment pay the balance of N80 to you each month.

Business drivers 80-100 gallons per month.

1 US gallon = 3.785411784 liters

If there is corruption perpetrated by International marketers, then just give the subsidy directly to registered drivers per month.

Average Price : N145/liter x40gallons per month= N21924 (3.78 liter x N145=N548/gallon x 40 gallon per month)
Driver will still pay N65 per liter x 3.78 x 40gallons= N9828 per month.
Goverment pay the rest in subsidy of N12096 per month as voucher cashable anywhere in Nigeria.

Corruption problem solved. If you are caught collecting subsidy without a registered car, then you go to jail. Maximum is 2 cars per household per address. Plus you must submit a fingerprint to qualify +your registered vehicle particulars.

Who will administer the allocation process? Officers from Mars?

Like GEJ, like many Nigerians

Sanusi is a fool. Nothing he said addresses the over compensation of government officials and extreme corruption that is so pervasive in Abuja. Most importantly, I do not disagree with what he says, but as a practical matter, what he fails to realize is that the money that would be purportedly saved from the removal of the fuel subsidy will not go into developing the country. Rather, the money would be used to fatten the pockets of politicians, including him, just like they have been doing all along.

The fuel subsidy, however nonsensical, at least still benefited Nigerians who would otherwise not have benefited had the subsidy not been there. The issue is that the subsidy should be removed in phases, but only after unnecessary federal ministries have been closed, and salaries of senators and congressmen has been reduced to a reasonable one--one which people who chose to go into public service should receive.

fine analysis by SLS but misplaced all the same.
akin to using skin grafting as a cure for eczema.
how is the removal of subsidy a cure for the monumental corruption he has revealed?
if he has as much balls as his fans say he has, he should suggest that GEJ removes Deziani-Madueke and prosecute her and others who have over seen these corrupt empire over the last 2 years.
this govt seems completely useless and powerless.
Boko Haram has infiltrated the govt and security agencies. instead of effecting a purge, a helpless president announces the infiltration to a traumatized nation.what does he want us to do about it?
fuel subsidy has been corrupted by importers and their accomplices in the oil sector, what does he do? remove the subsidy as he is unable to arrest the corruption.
we are expected to clap for him (GEJ),right?

a govt that can't address a lack of security.
a govt that can't arrest monumental corruption bedevilling fuel subsidy.

what exactly is this govt good at?

mbulela:

a govt that can't address a lack of security.
a govt that can't arrest monumental corruption bedevilling fuel subsidy.

what exactly is this govt good at?

oh i forgot, they are good at sharing monthly allocation to 36 emperors.

For People dat are critizing d F.G for nt able to takle d curptn in d oil sectors.uderstand dat(is better 2 uproot dat curptn than 2 keep tackling it which wll nt b easy)and part of d sbsdy money will b used 2 tackle bigger n vital security challenges like boko haram which i belief are also protesting d removal of oil subsidy(with all this protest n gathering boko haram hv nt attacked d masses as usual).sls n ungwajo iweala hv proved that d issue of removal of oil subsidy hv been in d plans of past govt but where nt jst bold to execute it so as 2 retain there virtual goodnames n allow d masses 2 suffer.

fbApps:

Allocate 40-50 gallon per month direct to registered drivers per month, meaning, you pay the N145 per liter and goverment pay the balance of N80 to you each month.

Business drivers 80-100 gallons per month.

1 US gallon = 3.785411784 liters

If there is corruption perpetrated by International marketers, then just give the subsidy directly to registered drivers per month.

Average Price : N145/liter x40gallons per month= N21924 (3.78 liter x N145=N548/gallon x 40 gallon per month)
Driver will still pay N65 per liter x 3.78 x 40gallons= N9828 per month.
Goverment pay the rest in subsidy of N12096 per month as voucher cashable anywhere in Nigeria.

Corruption problem solved. If you are caught collecting subsidy without a registered car, then you go to jail. Maximum is 2 cars per household per address. Plus you must submit a fingerprint to qualify +your registered vehicle particulars.

didn't IBB try a similar thing? corruption will always make nonsense of it.

nice 1 from Sanusi and ServeNigeria.its mre bout enlightenment,wen we gt gud and balancd informatn such as dis d govt wl b suportd. I fil lyk crying for Nigeria bt i wnt. I bliv al dis wl pas away soon. GOD BLESS NIGERIA

,

i think Sanusi is on nairaland

Ever so gullible people.
Shouting sLS blah. Blah. Blahh.
Ok. Such incriminating evidence is available to government
How many of the perpetrators of the fraud has been called in for questioning
How many has been arrested and charged
What is the job of ICPC and EFCC again

Sanusi should just STFU

NLC/TUC SHOULD PUBLISH THE NAMES OF OIL RIGS OWNERS IN NIGERIA AND THE EXPORTERS OF CRUDE OIL,

THEN THE NAMES OF IMPORTER OF PETROL


THE AMOUNT SO FAR SPEND ON:

1. PHCN

2. AJAOKUTA STEEL ROLLING

3.THE TOTAL FIGURE OF FEDERAL,STATE AND LOCAL GOVERNMENT STAFFS PRESENTLY SERVING

4.AMOUNT PAID MONTHLY AS PER SALARY & ALLOWANCE

5. TOTAL SALARY OF POLITICAL OFFICE HOLDERS AND THE TRUE ALLOWANCE TO DATE.

6 .WHY GOVERNMENT REFUSE TO EMPLOY HER GRADUATES?

OTHER THINGS:

1. HOW ARE BEHIND NON-FUNCTIONING OF NIGERIAN REFINERIES?


2 WHY DO GOVERNMENT IGNORE GOLD AND OTHER MINERAL RESOURCES?

3. WHY DO GOVERNMENT REFUSE TO FUND FEDERAL SCHOOLS?

4.WHY DO GOVERNMENT ALLOW ESCALATION OF SCHOOL FEES IN OUR TERTIARY INSTITUTIONS & WHY NOT PEG THE SCHOOL FEES?

Someone should please let me know if Pastor Tunde Bakare worked/preached today.

I don't believe in this bolekaja system of taking on government. Every four years, we have an opportunity to appraise a government and decide if they should continue or get them changed.
Nigerians need to wake up to this reality, call-off strikes and begin to objectively demand accountability and performance from government.

Chei!! Nigerians don wise o. . . story no dey catch anybody again

But how we wan catch these "cabals" when the gov't, the Attorney General and the whole justice dept is the cabal?

FELLOW NIGERIAN STUDENTS:-
Its obvious dere is no headway on D subsidy issue. NLC/TUC prefers 2remain on strike, after all as govt workers, Dey will still be paid their salaries even if dey Don't work.

But must we students wait 4 d subsidy issue 2be resolved before we resume?. If ASUU is threatenin 6months strike. Can't we do sumtin? Can't we network wit other universities, mobilise our SUGs 2meet wit our Govt & resolve it?

U dat is supposed 2 be on IT now, U dat is supposed 2graduate dis year, dose in other levels hopin 2leave school in due course, must dey add another year 2our graduation date?

Na our future be Dis o!!!

Pls broadcast Dis msg 2yur friends &dose in other schools if U are tired of stayin at home
-from osaman