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FG To End Petrol Subsidy June 2022, World Bank Condemns N2.9tn Funding - Politics (3) - Nairaland

Nairaland Forum / Nairaland / General / Politics / FG To End Petrol Subsidy June 2022, World Bank Condemns N2.9tn Funding (11025 Views)

Buhari Orders DSS, EFCC, Customs, Others To End Petrol Scarcity / FG Allocates N5.9tn To Education, Health, Defence, Infrastructure / Kyari: FG Will Divert ₦457 Billion Petrol Subsidy To Other Sectors (2) (3) (4)

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Re: FG To End Petrol Subsidy June 2022, World Bank Condemns N2.9tn Funding by valentineuwakwe(m): 7:29am On Oct 26, 2021
Wahala starts by then...fuel price to gulp N325!
Re: FG To End Petrol Subsidy June 2022, World Bank Condemns N2.9tn Funding by Brown2012: 7:37am On Oct 26, 2021
post=107066258:
Some critical decisions need to be made now for the country to realise its potential.

Anything to move our darling nation forward is all we want at @[/color].

We are getting close to that if it is possible for the private refinery launched by Dangote to come to life. We believe that we should have enough refined petroleum for the country.

Slow and steady Nigeria will be great again in our lifetime.
God bless [color=#006600]Nigeria.

Nigeria will be great again in our lifetime.


We are talking about our nation moving forward for those that want to move forward in life and prosper,
Not for pessimistic souls and antagonists.
Our comments is not for everyone, just for those that believe in our darling country.

Don't get it twisted boy!
You get whatever you wish for in life.

We Rise.
You dey plan use South South money dey get hope, fucking leeches.
Re: FG To End Petrol Subsidy June 2022, World Bank Condemns N2.9tn Funding by Nobody: 7:44am On Oct 26, 2021
If they really go ahead with the plan, APC should forget about 2023.

1 Like

Re: FG To End Petrol Subsidy June 2022, World Bank Condemns N2.9tn Funding by WeRblessed(f): 7:48am On Oct 26, 2021
Unfortunately the Talibaistan government of the zoo is not wired to think in line of innovation, education, Healthcare, and quality education. Talking about roads, he built ultra-modern roads and railroads in Niger Republic
Re: FG To End Petrol Subsidy June 2022, World Bank Condemns N2.9tn Funding by GauRanTor(m): 7:55am On Oct 26, 2021
You be f**l aswearugod.
Re: FG To End Petrol Subsidy June 2022, World Bank Condemns N2.9tn Funding by Nobody: 7:56am On Oct 26, 2021
JUO:
Fuel is going to be officially N300 in 2022
More like 1000/ltr.

1 Like

Re: FG To End Petrol Subsidy June 2022, World Bank Condemns N2.9tn Funding by emmnprince(m): 7:58am On Oct 26, 2021
When Good luck towed this path in 2014 or so, national outcry that led to national strike and the present president condemned it. Now, a need to do the needful is now clear in their eyes.

I'm still amazed how a nation so endowed with this natural resource still refine over 80% of her crude oil outside her shores and subsidize it to marketers who brings it in to be sold to the end users. This shouldn't have happened in the first place. The reason is not far-fetched though! Shows all those before the present leader who led this nation have no concrete plan and vision for this country. They only ascend the throne to play politics & amass wealth that is to be used to service this nation.

We'll, never too late to do the needful. But we shouldn't be surprised when there's surge in petroleum products, prices of commodities and services, and the much of the burden on the masses.

1 Like

Re: FG To End Petrol Subsidy June 2022, World Bank Condemns N2.9tn Funding by Cognitivereason: 8:01am On Oct 26, 2021
There is no shame...what plan b are u looking for?...dangote refinery will cater for the whole country
U want the same old refineries DAT were I'm government hands to be resurrected and still be government hands to eventually fail again because of the greed of Nigerians...

It best everything is left in private individuals
Harnny:
They are targeting the refinery completion...no plan b. What a shame
Re: FG To End Petrol Subsidy June 2022, World Bank Condemns N2.9tn Funding by Cognitivereason: 8:08am On Oct 26, 2021
The burden on the masses was the reason it was sustained...
There was a time oir refineries were working fully .but subsidies was what killed it in order to satisfy the greed of the masses...the reason why goodluck plans failed was because he had to plans for local substitution... He just wanted the product to be imported and be sold for what ever damn price it worth..imagine if he succeed when during his tenure when a dollar was around N150...what do think the price of petrol will be like with an Exchange rate of N414 ...buhari at least realised that for this subsidies to end ..importing the product with scarce dollar must end as well... This is why he supported dangote through CBN for exclusive forex supply to bring In all the equipment to bring his refinery to live..at least once bubu removes end subsidies...the business on the petroleum industry will be done in nairas not scarce dollars
emmnprince:
When Good luck towed this path in 2014 or so, national outcry that led to national strike and the present president condemned it. Now, a need to do the needful is now clear in their eyes.

I'm still amazed how a nation so endowed with this natural resource still refine over 80% of her crude oil outside her shores and subsidize it to marketers who brings it in to be sold to the end users. This shouldn't have happened in the first place. The reason is not far-fetched though! Shows all those before the present leader who led this nation have no concrete plan and vision for this country. They only ascend the throne to play politics & amass wealth that is to be used to service this nation.

We'll, never too late to do the needful. But we shouldn't be surprised when there's surge in petroleum products, prices of commodities and services, and the much of the burden on the masses.

1 Like

Re: FG To End Petrol Subsidy June 2022, World Bank Condemns N2.9tn Funding by sabreal: 8:10am On Oct 26, 2021
You don't need to tell the us. That is what we use to right from primary school until terrorists came to power.

You don't need to remind or force us. Its natural. If you are sincere with your self, this is another thing that should tell you that you have failed as a leader.

You can't even promote your profession. What a shame?







NewFolm4:
The World Bank has decried the continued spending by the Nigerian government on petrol subsidy, which it said is on track to gobble up N2.9tn this year.


https://punchng.com/fg-to-end-petrol-subsidy-june-2022-world-bank-condemns-n2-9tn-funding/
Re: FG To End Petrol Subsidy June 2022, World Bank Condemns N2.9tn Funding by PavillionEnergy: 8:43am On Oct 26, 2021
[s]
post=107066258:
Some critical decisions need to be made now for the country to realise its potential.

Anything to move our darling nation forward is all we want at @[/color].

We are getting close to that if it is possible for the private refinery launched by Dangote to come to life. We believe that we should have enough refined petroleum for the country.

Slow and steady Nigeria will be great again in our lifetime.
God bless [color=#006600]Nigeria.

Nigeria will be great again in our lifetime.


We are talking about our nation moving forward for those that want to move forward in life and prosper,
Not for pessimistic souls and antagonists.
Our comments is not for everyone, just for those that believe in our darling country.

Don't get it twisted boy!
You get whatever you wish for in life.

We Rise.
[/s]

If you think Dangote's refinery will solve Nigeria's energy supply problems, then you are so wrong.

You don't have any knowledge about the challenges of the downstream oil industry and you open your mouth to spew trash under the guise of fake and paid patriotism.

This is the same refinery that Federal Government through NNPC has acquired a 20% stake.
Your darling daddy is the minister for petroleum resources, but the refineries have refined Zero barrels since he took over.
Re: FG To End Petrol Subsidy June 2022, World Bank Condemns N2.9tn Funding by PenpalOso: 8:53am On Oct 26, 2021
Succinctly put; As from June next year, price of PMS would skyrocket and so would basic living. These Fulani cretins are really setting the stage of anarchy for 2023! angry
Re: FG To End Petrol Subsidy June 2022, World Bank Condemns N2.9tn Funding by hush15: 9:06am On Oct 26, 2021
post=107066258:
Some critical decisions need to be made now for the country to realise its potential.

Anything to move our darling nation forward is all we want at @[/color].

We are getting close to that if it is possible for the private refinery launched by Dangote to come to life. We believe that we should have enough refined petroleum for the country.

Slow and steady Nigeria will be great again in our lifetime.
God bless [color=#006600]Nigeria.

Nigeria will be great again in our lifetime.


We are talking about our nation moving forward for those that want to move forward in life and prosper,
Not for pessimistic souls and antagonists.
Our comments is not for everyone, just for those that believe in our darling country.

Don't get it twisted boy!
You get whatever you wish for in life.

We Rise.

Which refinery will come to life? The one that they are shifting production date forward and forward? Dangote won't resume production in the next two years minimum. All the old refineries are in comatose, they had time to prepare and mitigate these things before signing the compromised PIB and knocking off subsidy completely but incompetence, ineptitude, politics and nepotism won't let them reason well.

Nigeria show brace up cos the next two years of this failed government will be .... Only God can redeem this nation from the hands of this pending disaster
Re: FG To End Petrol Subsidy June 2022, World Bank Condemns N2.9tn Funding by RodgersAkpafu: 9:13am On Oct 26, 2021
DuBLINGreenb:
I HATE Nigerian government with passion

Buhari just fueled that hate to astronomical proportions

How Una take vote Buhari sef or why Una allow am tig him way into office?

I'm young, but I listened to one of Fela's song about Buhari I swear it was as if the song was sang in 2020

Everything he accused buhari off in 19** Buhari is still repeating in 2021

Why didn't our elders do more to stop Buhari?
Tribalism blinded some of them
Some genuinely wanted change
Cos of the security issues
This was 2015

But in 2019
It was pure tribalism

1 Like

Re: FG To End Petrol Subsidy June 2022, World Bank Condemns N2.9tn Funding by CuteEmma(f): 9:23am On Oct 26, 2021
post=107066258:

....for those that want to move forward in life and prosper,
If you need to curse or emotionally blackmail people to prove the point, it means that what you’re fighting for is devoid of logic, or if it does, you’re not aware of it.

Not for pessimistic souls and antagonists.
Hope you know that there’s pessimism, optimism and then REALISM. Using that man’s broken bottle narrative, being optimistic about fixing the bottle is foolishness, ‘cause in reality it’s not possible.

You get whatever you wish for in life.
If things happen because we wish for it, then Nigeria should have been the best place to live in because of our prayers and “e go better” wishes.



We Rise, of course. cheesy
Re: FG To End Petrol Subsidy June 2022, World Bank Condemns N2.9tn Funding by emmnprince(m): 9:26am On Oct 26, 2021
Cognitivereason:
The burden on the masses was the reason it was sustained...
There was a time oir refineries were working fully .but subsidies was what killed it in order to satisfy the greed of the masses...the reason why goodluck plans failed was because he had to plans for local substitution... He just wanted the product to be imported and be sold for what ever damn price it worth..imagine if he succeed when during his tenure when a dollar was around N150...what do think the price of petrol will be like with an Exchange rate of N414 ...buhari at least realised that for this subsidies to end ..importing the product with scarce dollar must end as well... This is why he supported dangote through CBN for exclusive forex supply to bring In all the equipment to bring his refinery to live..at least once bubu removes end subsidies...the business on the petroleum industry will be done in nairas not scarce dollars

Yes. GoodLuck had no concrete plan for local substitution.

At the emboldened. I don't get it.
Re: FG To End Petrol Subsidy June 2022, World Bank Condemns N2.9tn Funding by emmyileri(m): 10:02am On Oct 26, 2021
The white people haven't realized that the citizens of Nigeria are suffering from their bad leadership and corruption. Another suffering of the masses loading
Re: FG To End Petrol Subsidy June 2022, World Bank Condemns N2.9tn Funding by alphaNomega: 11:16am On Oct 26, 2021
Cognitivereason:
There is no shame...what plan b are u looking for?...dangote refinery will cater for the whole country
U want the same old refineries DAT were I'm government hands to be resurrected and still be government hands to eventually fail again because of the greed of Nigerians...

It best everything is left in private individuals
I have said it before and I will say it again. Dangote refinery would not refine a single drop of oil. It is the next Ajaokuta steel company.

rayvelez:
We go #OCCUPYNIGERIA if FG try this nonsense in removing our Subsidy.

Your occupy Nigeria people are in government now

emmyileri:
The white people haven't realized that the citizens of Nigeria are suffering from their bad leadership and corruption. Another suffering of the masses loading
white people? Wtf are you saying?
Re: FG To End Petrol Subsidy June 2022, World Bank Condemns N2.9tn Funding by odysey: 11:28am On Oct 26, 2021
post=107066258:
Some critical decisions need to be made now for the country to realise its potential.

Anything to move our darling nation forward is all we want at @[/color].

We are getting close to that if it is possible for the private refinery launched by Dangote to come to life. We believe that we should have enough refined petroleum for the country.

Slow and steady Nigeria will be great again in our lifetime.
God bless [color=#006600]Nigeria.

Nigeria will be great again in our lifetime.


We are talking about our nation moving forward for those that want to move forward in life and prosper,
Not for pessimistic souls and antagonists.
Our comments is not for everyone, just for those that believe in our darling country.

Don't get it twisted boy!
You get whatever you wish for in life.

We Rise.
Dangotes refinery is not a solution but a problem
Y has the government not built more refineries or bought modular refineries, they want to continue impoverishing Nigerians their time is up tho
Re: FG To End Petrol Subsidy June 2022, World Bank Condemns N2.9tn Funding by leokid866: 11:31am On Oct 26, 2021
odysey:
Dangotes refinery is not a solution but a problem
Y has the government not built more refineries or bought modular refineries, they want to continue impoverishing Nigerians their time is up tho
But there are several modular refineries started by this government from Edo to cross river with a few setup up north
Re: FG To End Petrol Subsidy June 2022, World Bank Condemns N2.9tn Funding by odysey: 11:36am On Oct 26, 2021
leokid866:

But there are several modular refineries started by this government from Edo to cross river with a few setup up north
started? Where are they? Are they functional? Has it affected price?
PMS is high because we import it, so if we produce enough and need not to import the price should drop sadly we're dealing with a government dedicated to impoverishing Nigerians
Re: FG To End Petrol Subsidy June 2022, World Bank Condemns N2.9tn Funding by leokid866: 11:50am On Oct 26, 2021
odysey:
started? Where are they? Are they functional? Has it affected price?
PMS is high because we import it, so if we produce enough and need not to import the price should drop sadly we're dealing with a government dedicated to impoverishing Nigerians
you are right we don't produce enough....
but you can't put all the blame on this government alone.......successive regimes failed to address this issue.....and building a refinery is no easy task......just look at Dangote Since 2013 he is still on it.....even if government would put their full weight behind it, it will take at least 5 years minus the 2 years you will spend finding the site and then Negotiate it's purchase.
Re: FG To End Petrol Subsidy June 2022, World Bank Condemns N2.9tn Funding by odysey: 11:58am On Oct 26, 2021
leokid866:

you are right we don't produce enough....
but you can't put all the blame on this government alone.......successive regimes failed to address this issue.....and building a refinery is no easy task......just look at Dangote Since 2013 he is still on it.....even if government would put their full weight behind it, it will take at least 5 years minus the 2 years you will spend finding the site and then Negotiate it's purchase.
I don't like to look at past failures
I prayed gej out because of this in 2015 in the hopes PMB would fix the refineries or each state have at least one
But they're all in it together the governors
Interesting Times Ahead tho
Re: FG To End Petrol Subsidy June 2022, World Bank Condemns N2.9tn Funding by Druggey(m): 12:11pm On Oct 26, 2021
if to say u have been following world banks advise,our economy for don grow pass where we are nw.
idiots na this type of shit una sabi follow abi?
we go see ai.
Re: FG To End Petrol Subsidy June 2022, World Bank Condemns N2.9tn Funding by RepoMan007: 12:13pm On Oct 26, 2021
Racoon:
After how many years? Lying government wey dem don take lies swear for.After promising new refineries but as usual failed to provide them? After embezzling staggering amount of monies in the name of running the old refineries @ great economic loss?

After that, they are budgeting $B for another round of revamping them same moribund refineries before privatisation? What a wastage. Now they are waiting on Dangote Refinery that will still continue the monopoly. Useless criminal government.



Was it not the same policy the previous government wanted to terminate in 2012-14 that the same wicked elements under this evil regime denounced as a scam.
Now they have been engaging in that same scam for the past 6years.They need to apologise for insulting the sensibility of this nation and leave our national life.

The same subsidy Jonathan tried removing and APC as opposition incited violent protest to oppose its removal. Back then, the subsidy jumped from around N0.3Tr to N2.0Tr and we said there was a scam. Today it is approaching N3.0Tr and we suddenly accept there is no scam. That means our consumption went up by approximately 10 times in a decade. Nigerians are wonderful thinkers.
Re: FG To End Petrol Subsidy June 2022, World Bank Condemns N2.9tn Funding by space9880: 12:28pm On Oct 26, 2021
This people are really mad 2.9trillion that one politician will steal. Some federal and state ministries are not needed they should be scraped or mergers with others and besides money allocated to some bodies is too much. We need accountability they should explain to us how this money is being spent we need to see what they are doing with the money
Re: FG To End Petrol Subsidy June 2022, World Bank Condemns N2.9tn Funding by Bluntemperor: 1:52pm On Oct 26, 2021
affinity77:
The last straw.......

O K it has not ended,yet galloping inflation every where.Hymmmmm!
Re: FG To End Petrol Subsidy June 2022, World Bank Condemns N2.9tn Funding by newoffer: 5:31pm On Oct 26, 2021
Life will be hell in dis corn tree. Every business will increase cost of operation
JUO:
Fuel is going to be officially N300 in 2022
Re: FG To End Petrol Subsidy June 2022, World Bank Condemns N2.9tn Funding by newoffer: 5:35pm On Oct 26, 2021
Scammers came to power by criticising fuel subsidies by still playing politics with it. Game slowpoke plays.
bilulu:
how many times will they remove subsidy? fact is if our refineries ain't working Nigeria will continue to subsidize.... shameful for Nigeria to solely depend on one man to
take Nigeria out of the present predicament
Re: FG To End Petrol Subsidy June 2022, World Bank Condemns N2.9tn Funding by bilulu(m): 6:25pm On Oct 26, 2021
newoffer:
Scammers came to power by criticising fuel subsidies by still playing politics with it. Game slowpoke plays.
My joy is everybody across board is suffering from it

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