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Nairaland Forum / Nairaland / General / Politics / Oil Marketers Abandon Scheme To Break Subsidy Regime (26351 Views)
Atiku To Tinubu: Provide Clarity On The Fuel Subsidy Regime, / Fuel Scarcity Looms As FG, Oil Marketers Disagree On Pricing / Oil Marketers Cheat Nigerians By N198,500 Per Truck Of Product Sold (2) (3) (4)
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Re: Oil Marketers Abandon Scheme To Break Subsidy Regime by Prosperity4All: 11:19am On Dec 11, 2022 |
Penguin2: So true. The evil that men do lives after them.... Tinubu didn't know he would one day desire (more than anything in his life) to be president |
Re: Oil Marketers Abandon Scheme To Break Subsidy Regime by Raheeqilmaktoom: 11:22am On Dec 11, 2022 |
Kobonaire234: Subsidy is long due for removal, I don't know why we are still in this quagmire. Remove subsidy, increase investments in both upsrteam and downstream, prices will stabilize. Govt pays subsidy in trillions every year and the masses still bear a significant brunt, ain't that madness? 3 Likes 1 Share |
Re: Oil Marketers Abandon Scheme To Break Subsidy Regime by ADAMUdaCOWBOY: 11:22am On Dec 11, 2022 |
Kobonaire234:If we build a million refineries, they will fail due to corruption not subsidy. The rent takers in government will ensure the refineries fail so that bogus subsidy payment can continuously be made to then for products the did not supply. The business men and women build refineries while government check them. If the business people like, after collecting loans in hundreds of millions or billions of dollars, they should let the business crumble. That will be their business. |
Re: Oil Marketers Abandon Scheme To Break Subsidy Regime by DoxxAnon: 11:23am On Dec 11, 2022 |
Under the worst and weakest Minister of Petroleum. A man so incompetent as Minister and President. |
Re: Oil Marketers Abandon Scheme To Break Subsidy Regime by Nobody: 11:23am On Dec 11, 2022 |
ADAMUdaCOWBOY: And they should be allowed to sell fuel at a profit too. As should the marketer so that they have the profits to pay Dangote for the fuel.and the transporter for transporting it. If we must have subsidy it must be for very poor people. And we must tax most people to pay for it. |
Re: Oil Marketers Abandon Scheme To Break Subsidy Regime by Nobody: 11:26am On Dec 11, 2022 |
ADAMUdaCOWBOY: Like you don't get how damaging subsidy is. In 2012 it cost N99 to bring in a liter of fuel. We were selling it at 65 naira Now it costs N510 to bring in a liter of fuel that we sell.at N178 NNPC won't make a profit to do shishi. And a large chunk of the money for subsidy comes from the budget |
Re: Oil Marketers Abandon Scheme To Break Subsidy Regime by Faposky95: 11:32am On Dec 11, 2022 |
JoeNL22: ....no no no..... And rip apart the lives of the indigenes where this precious mineral is mined, while gold, cocoa, and others are exploited to the riches of so called coded billionaires..... Mbanu |
Re: Oil Marketers Abandon Scheme To Break Subsidy Regime by JoeNL22(m): 11:33am On Dec 11, 2022 |
Faposky95:I don't understand your premise? |
Re: Oil Marketers Abandon Scheme To Break Subsidy Regime by Faposky95: 11:41am On Dec 11, 2022 |
Associations....why don't I like that word National Association of Barbers.... National Association of Madmen......etc These set ups are the major problem,codedly, to the liberalisation of a free market economy....which Nigeria is very ripe for.... Govt and its watch dog agencies should have watchers....checks to allow for a plain competitive field..... Instead, it's an avenue for lazy minded individuals to lay claim to power and corruption restructuring...... Why can't Govt with all its powers in this country control the excesses of many associations.....? They are simple gaining backdoor 1 Like |
Re: Oil Marketers Abandon Scheme To Break Subsidy Regime by Faposky95: 11:52am On Dec 11, 2022 |
JoeNL22: Wat do you really understand in the Premise called our country |
Re: Oil Marketers Abandon Scheme To Break Subsidy Regime by Agbegbaorogboye: 11:55am On Dec 11, 2022 |
Kobonaire234:The poor is not suffering any deficit and debt It is the greedy marketers that are looking to pillage through arbitrary prices How many of them have invested in diesel and kerosene since it was deregulated Only to be bringing in adulterated diesel and kerosene while jacking up prices Those marketers belong in jail. Simple |
Re: Oil Marketers Abandon Scheme To Break Subsidy Regime by sulaak(m): 11:55am On Dec 11, 2022 |
Nbote: The minister of petroleum is the head of the cartel. Nigerians just like deceiving themselves, the Buhari government removed the indigenous security architecture in the Niger-Delta led by Tompolo and replaced it with corrupt naval officers to support their stealing of oil with the collaboration of International Oil Companies (IOC) for the best part of seven years. Oil subsidies have increased 10 fold, yet the president, the first MD of NNPC in 1977, has failed to rehabilitate or build a single modular or new refinerfinery. The simple solution is that Nigeria rehabilitates its four refineries and builds 10 modular refineries across the country. The refineries can be listed on the Nigeria stock market to provide some public scrutiny, and a third-party operator control at least 40% of refineries. The corruption of the Buhari government is mind-blowing; if Tinubu or Atiku replaces Buhari, it will be the same. |
Re: Oil Marketers Abandon Scheme To Break Subsidy Regime by JoeNL22(m): 11:56am On Dec 11, 2022 |
Faposky95:Just explain your previous statement |
Re: Oil Marketers Abandon Scheme To Break Subsidy Regime by Nobody: 12:02pm On Dec 11, 2022 |
Agbegbaorogboye: Lol. |
Re: Oil Marketers Abandon Scheme To Break Subsidy Regime by sulaak(m): 12:02pm On Dec 11, 2022 |
toluxe0075: The Minister of petroleum is Buhari, and the GMD of NNPC is selected by the president. The problem starts and ends with the president. Under GEJ, his minister of petroleum was a close associated Alison-Madueke, Finance and Economic Minister was Iweala. |
Re: Oil Marketers Abandon Scheme To Break Subsidy Regime by ADAMUdaCOWBOY: 12:03pm On Dec 11, 2022 |
Kobonaire234:Don't you get it? Most of the time, the subsidy is paid for fuel that was never and will never be supplied. It's a fraud. The government knows the perpetrators. The government will never prosecute them because they are friends and cronies. |
Re: Oil Marketers Abandon Scheme To Break Subsidy Regime by Nobody: 12:06pm On Dec 11, 2022 |
ADAMUdaCOWBOY: Yes because when you sell at 180 after bringing it in at 510, sharp practices result. What you have just outlined is one of those sharp practices. Add the fact that subsidy is free money. Opportunity to.steal. That's why it has to go. Or we raise our tax to gdp ratio.from 8% to 50% to pay for the thing |
Re: Oil Marketers Abandon Scheme To Break Subsidy Regime by richeeyo(m): 12:15pm On Dec 11, 2022 |
Penguin2: You are here shouting obi obi Do you have idea of what might happen if subsidy is been removed, let. Obi try am naaah The igbos would be the one to complain first |
Re: Oil Marketers Abandon Scheme To Break Subsidy Regime by nzube25779: 12:21pm On Dec 11, 2022 |
......... |
Re: Oil Marketers Abandon Scheme To Break Subsidy Regime by Nobody: 12:25pm On Dec 11, 2022 |
richeeyo: Has keeping the subsidy improved our economy? |
Re: Oil Marketers Abandon Scheme To Break Subsidy Regime by JFT24(m): 12:31pm On Dec 11, 2022 |
Penguin2:But Jonathan partially removed the subsidy. |
Re: Oil Marketers Abandon Scheme To Break Subsidy Regime by richeeyo(m): 12:31pm On Dec 11, 2022 |
Kobonaire234:Technically yes /no Reduced pump prices Cheaper transport Cheaper fuel reflects on food stuffs And almost everything We no get money we sha go on gen for hours dey flex inside |
Re: Oil Marketers Abandon Scheme To Break Subsidy Regime by kellyzaf(m): 12:33pm On Dec 11, 2022 |
JASONjnr: Calm down bro, the person that asked the question hv also read the topic and i believe he understand what the topic is all about b4 asking the question, i think u could hv quote him with the simple answer, my cent though ![]() ![]() |
Re: Oil Marketers Abandon Scheme To Break Subsidy Regime by breezeng: 12:34pm On Dec 11, 2022 |
Bu I am wondering why cooking gas price is also high. Do government subsidize gas also. At least gas is a local product. Haa, e beru Olorun oooh. |
Re: Oil Marketers Abandon Scheme To Break Subsidy Regime by Penguin2: 12:46pm On Dec 11, 2022 |
Kobonaire234: You are right to an extent. Nigerians like subsidy. But this was due to lack of adequate orientation by the government of how the ordinary man in the street was going to benefit from its removal even though there’s going to be some short term consequences. Again is the wicked and malicious Machiavellian( if you allow me to borrow your words) lies by the opposition - it was ACN and CPC in 2012 and PDP in 2021. But the masses are now aware that subsidy can no longer be sustained and even the NLC are now toning down on their demand for retention of subsidy. So, I think Obi can successfully end the subsidy regime without such reaction you are predicting. |
Re: Oil Marketers Abandon Scheme To Break Subsidy Regime by Npfn: 1:00pm On Dec 11, 2022 |
Just listen to your self are you without shame you import something and sell for 141 and then the marketers are selling 300 and here you are stilling blaming the poor masses what concern the poor masses is it not people that are employed to sanction those committing this act why are you fighting to remove the subsidy stop hiding I know you are paid no logic at all just read what you wrote again Kobonaire234: |
Re: Oil Marketers Abandon Scheme To Break Subsidy Regime by djkirkoo2(m): 1:03pm On Dec 11, 2022 |
JASONjnr:it's the price of fuel that is causing the hike in food prices. If they reduce the price of fuel pump price today by tomorrow everything will just change. Don't forget that transportation has a very big effect on marketing and distribution while lack of power supply and the use of fuel by industries are affecting the cost of production and all that. Imagine when I was working at a hotel, the monthly light bill from NEPA was ₦180k, but just for a day without power supply, they spend ₦160k daily for only diesel. So we can all see that the price of fuel and lack of power supply is even the number one factor of unemployment in the country. |
Re: Oil Marketers Abandon Scheme To Break Subsidy Regime by djkirkoo2(m): 1:09pm On Dec 11, 2022 |
Penguin2:everything was explained to the masses then but Tinubu, Buhari and co twisted everything to their favor then. You can imagine the total removal of subsidy was ₦145 only then but now this present government that fought against it are saying that their own is about ₦500. See fraud na. |
Re: Oil Marketers Abandon Scheme To Break Subsidy Regime by Nobody: 1:13pm On Dec 11, 2022 |
Npfn: Right, and the poor masses won't still pay in debts , not so? We either pay for fuel at the pump or we pretend it is cheap and pay for it via debts and loans. Take your pick |
Re: Oil Marketers Abandon Scheme To Break Subsidy Regime by Nobody: 1:14pm On Dec 11, 2022 |
Penguin2: I don't support PDP but they the pdp govt did enough orientation in 2011 and 12. It.changed my mind at least. P.S I am not optimistic about the masses. As you can see, arguing for fuel subsidy removal on this site means you are evil and you are bad. |
Re: Oil Marketers Abandon Scheme To Break Subsidy Regime by CheapHomes1: 1:17pm On Dec 11, 2022 |
Kobonaire234: How much percentage of fuel subsidy has been removed and how much percentage is left to removed? |
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