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Nairaland Forum / Nairaland / General / Politics / Fuel Subsidy: After Seven Years, Buhari Transfers Burden To Successor (15475 Views)
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 |
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: 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: 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: 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: Smh |
Re: Fuel Subsidy: After Seven Years, Buhari Transfers Burden To Successor by udemzyudex(m): 9:14am On Jan 29, 2022 |
aribisala0: 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: 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: 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
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Re: Fuel Subsidy: After Seven Years, Buhari Transfers Burden To Successor by Nobody: 9:31am On Jan 29, 2022 |
RepoMan007: 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 |
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: 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: |
Re: Fuel Subsidy: After Seven Years, Buhari Transfers Burden To Successor by jaytee01(m): 9:49am On Jan 29, 2022 |
Ruggedniggaone: |
Re: Fuel Subsidy: After Seven Years, Buhari Transfers Burden To Successor by NickD(m): 9:56am On Jan 29, 2022 |
Racoon: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: 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: 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: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: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: 1 Like |
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