Penguin2:


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.

Why can subsidy no longer be sustained?

The gov't shouldn't complain. They should make fuel available and affordable. When you support bad policy just for politics, you shouldn't complain. They wanted power, here's power use.

An average Nigerian is wicked by nature... I went to buy fuel this morning and to pay with POS only for the attentant to tell me she will charge extra 100 for paying with POS.. I created scene there before she agreed to sell, despite the fact that their one litre is not accurately a litre... No one is checking all these things..evil everywhere

Raheeqilmaktoom:


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?

Why is fuel subsidy removal long over due?

What exactly is subsidy?

Who is going to increase investments in upstream and downstream? Is lack of money the reason for the lack of investments?

FrancescoFarino:
Oil marketers contribute a lot to the skyrocketting prices of petrol pump Price.
It will be at their advantage.

Today,we are a analysing how the Oil Industry has turned to become an albatross instead of a blessing to over 200 Million Nigeria Population!
Is that how ARAMCO of Saudi Arabia is run!
Many of us are just very Unpatriotic,Wicked and foolish for we care less on the plight of the suffering Masses and the Youths!
More so,the Political Class have run down this Country with different excuses and unfortunately, even their Children too are now feeling the heat!
• God gave us Crude Oil since the 1960s- at Oloibiri,yet we can't process it for-- PMS( Petrol), Diesels, Aviation Fuel,Black Oil, Kerosene ,Creams,etc. by so reducing our Employments!
We decided to be exporting it abroad - thereby creating thousands of Jos to those Countries while the Imported Ones are even fake ,as we witnessed last year)!
No be JuJu be that!
We are not serious at all and become indiciplined!
We shall all enjoy Nigeria- good or otherwise,we are all in it!
Your Leaders have mislead you!

Kobonaire234:



While tinubu and Buhari did help in mobilizing support against subsidy removal in 2012...which happened, only partially...the fact is, most Nigerians do not support subsidy removal.

Back then, people were of the opinion that we were earning enough money from oil to fund subsidy (not true)....so they marched. All people saw was that fuel was once N65, now it is N140. Even the N97 that it came down to....

Buhari and tinubu just joined in for politics. In politics, you sometimes do the Machiavelli style to get into power.

But the truth is, if subsidy had gone in 2012, by now the same Buhari and Tinubu would be reaping the benefits.

Subsidy is loved by Nigerians. My worry is, whoever takes over, even if it is your Obi, if they attempt to remove subsidy, Nigerians will forget their divisions and remove them. Buhari tried to remove subsidy early this year. DSS warned him of potential national uprising. That's how subsidy is. Nigerians want it. Nigerians want cheap fuel. Politicians hear and obey. Even at the expense of our economy.

it seems difficult for you to understand that subsidy can never be removed. the poor economic situation will never sustain it because, you remove subsidy and everyone is buying at the rate of 500# for example... what will then happen when the naira depreciate against the dollar?. more increase in price of the commodity will be imminent. however the case may be,who is going to pay the deficit of the imported product?. won't we be complaining of another increment when subsidy is just being removed?. the government who will try to escape the fury of the masses will secretly or openly pay some part of it again and,here you have your subsidy resurfaced. subsidy can never be removed since we import the commodity and cos our refinery are in shambles also our electricity are also in a sorry state, and some of our greedy leaders are benefiting from the subsidy

Kobonaire234:



Privatizing NNPC and building refineries will fail...so long as petrol is sold at N180 when it should be sold at N490 and above.

The reason why we have all this wayo is because petrol is not being sold at a profit. We don't have rice scarcity, beans scarcity, or even garri scarcity or queues for all those stuff.......because all the sellers of these commodities are allowed to set their prices as they wish.

We can build all the refineries we want...and if we still insist that fuel must be cheap because we are poor, and because we are suffering....the refineries won't earn enough money to pay for their upkeep and maintenance. Remember we do not even make most of the components.

And stop blaming 'vested interests'. The real reason why subsidy is there is because most Nigerians back it. The vested interests will do far better if subsidy goes.

You lie! Until there is steady power supply, I mean 24hrs power supply all round Nigerian, no government will succeed in removing fuel subsidy completely. 95 percent of Nigerians rely on fuel to do business and power their homes. You must have the necessary things in place for the people, before you can mention that word subsidy removal. What is the need in having a government in place if it can't alleviate the sufferings of her citizens?

Kobonaire234:


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

you have no right to talk about subsidy removal it shows you have been paid to sell this to the masses and program there mind even DSS confirmed that there is an underground sabotage ongoing and here you want to remove subsidy when you can't even regulate the thief's that buy at 141 and sale at 300 you don't have shame you like seeing Nigerians suffer I know you type keep justifying nonsense

Npfn:
you have no right to talk about subsidy removal it shows you have been paid to sell this to the masses and program there mind even DSS confirmed that there is an underground sabotage ongoing and here you want to remove subsidy when you can't even regulate the thief's that buy at 141 and sale at 300 you don't have shame you like seeing Nigerians suffer I know you type keep justifying nonsense

NNPC brings in the fuel at N500, sells it at N141-80 naira ....and the thieves sell it at N180, while their costs of transport have gone up this year because diesel has jumped up in price. Then the roads are bad.

NNPC brings in fuel at N500 per liter. Sells it to depot at N140. Last year they were bringing it in at N261 per liter. Guess who pays the difference...the poor.

Whitelion07:
You lie! Until there is steady power supply, I mean 24hrs power supply all round Nigerian, no government will succeed in removing fuel subsidy completely. 95 percent of Nigerians rely on fuel to do business and power their homes. You must have the necessary things in place for the people, before you can mention that word subsidy removal. What is the need in having a government in place if it can't alleviate the sufferings of her citizens?

Sorry, I don't argue with people who call me a liar. It shows they are not ready for a discussion.

Come back when you have matured a bit.

Oyiboman69:
it seems difficult for you to understand that subsidy can never be removed. the poor economic situation will never sustain it because, you remove subsidy and everyone is buying at the rate of 500# for example... what will then happen when the naira depreciate against the dollar?. more increase in price of the commodity will be imminent. however the case may be,who is going to pay the deficit of the imported product?. won't we be complaining of another increment when subsidy is just being removed?. the government who will try to escape the fury of the masses will secretly or openly pay some part of it again and,here you have your subsidy resurfaced. subsidy can never be removed since we import the commodity and cos our refinery are in shambles also our electricity are also in a sorry state, and some of our greedy leaders are benefiting from the subsidy

Well, on the other hand, when the cost of making fuel goes up, and we still insist on buying fuel at N180 or N40 because...the money to pay the difference is going to come from our budget.

Iran has a nice subsidy going on and even has all their refineries working......and a debt that makes ours look like kids play.




If you were baking bread at N1000 a loaf, and you sold it at N1500, and government came in and told you to sell that bread at N300 ....the bread that cost you N1000 to make....to help the poor...will you help the poor?

Kobonaire234:


NNPC brings in the fuel at N500, sells it at N141-80 naira ....and the thieves sell it at N180, while their costs of transport have gone up this year because diesel has jumped up in price. Then the roads are bad.

NNPC brings in fuel at N500 per liter. Sells it to depot at N140. Last year they were bringing it in at N261 per liter. Guess who pays the difference...the poor.

nnpc does not bring in fuel at 500naira please stop lying even in this thread it is stated that it's sold to them around 141 and there are regulatory bodies to monitor the marketers so they can sale for 165 and 170 alot of filling station in Lagos is selling this price like bovas and others while some other marketer's is selling 300 because DPR and other regulatory bodies are not doing there monitoring here in island the taskforce is fully on patrol same in some places in Abuja do not come here to convince the masses to remove subsidy it won't work now so tell them to stop paying you for your lies and propaganda the poor masses will win and there is report the dss will begin clamping down this week and alot of filing station will be sealed. It's fact not all this lies you saying

Kobonaire234:


The sector has lost money selling fuel at cheap prices all year round. Losses have to be recouped.

The thing you Nigerians need to get is that you cannot sell something that should cost N200 and more at N180 and below, and expect miracles.

Even NNPC that brings in fuel at above N250 and sells it below N200, how long is it going to sustain that? And guess where the money comes from?

If the money budgeted to repair the refineries were properly used and our refineries are working optimally that we don't need to import fuel, do you think we will still be talking of subsidy removal? Will price of fuel be high as this?

Olowoeko11:
drop your mail or WhatsApp let me send to you

08189633717
Thanks in advance sir

Unigrad:

If the money budgeted to repair the refineries were properly used and our refineries are working optimally that we don't need to import fuel, do you think we will still be talking of subsidy removal? Will price of fuel be high as this?

Erm....the money budgeted for the refineries is not enough , let's be frank.(Plus it is part of the corruption too).

Also, even if we used the money and it magically got the refineries to work...so long as you are selling something that costs N500 at N170 or lower, where is the profit going to come from to keep the refineries running well enough?

Npfn:
nnpc does not bring in fuel at 500naira please stop lying even in this thread it is stated that it's sold to them around 141 and there are regulatory bodies to monitor the marketers so they can sale for 165 and 170 alot of filling station in Lagos is selling this price like bovas and others while some other marketer's is selling 300 because DPR and other regulatory bodies are not doing there monitoring here in island the taskforce is fully on patrol same in some places in Abuja do not come here to convince the masses to remove subsidy it won't work now so tell them to stop paying you for your lies and propaganda the poor masses will win and there is report the dss will begin clamping down this week and alot of filing station will be sealed. It's fact not all this lies you saying

Good afternoon.

Petrol landing cost now N510 per liter


For once, I wish I was lying.

Kobonaire234:


Good afternoon.

Petrol landing cost now N510 per liter


For once, I wish I was lying.

it is not and there won't be removal of subsidy this week alot of clampdown will begin on those selling 300 and alot of filling station are now selling 165/170 and that is increasing so as for subsidy none will be removed and no justification can make it to be removed for now

Npfn:
it is not and there won't be removal of subsidy this week alot of clampdown will begin on those selling 300 and alot of filling station are now selling 165/170 and that is increasing so as for subsidy none will be removed and no justification can make it to be removed for now

Well, since you are in denial...i bid you farewell.

You have the truth staring at you in the face, and you don't want to see it.

Stop crying. Face the truth. Petrol is expensive. God knows I wish it wasn't.

And grow up. You have called me a liar. That is immature and sad of you.

It's not immature you see the truth and all you doing is to justify your pay by government petrol is not sold 510 and masses are not the cause or reason why the subsidy should be removed instead advocate that regulators work and do their job any one can read your intention and that you paid to attack the subsidy so that been said enjoy your works on selling your works

Kobonaire234:


Well, since you are in denial...i bid you farewell.

You have the truth staring at you in the face, and you don't want to see it.

Stop crying. Face the truth. Petrol is expensive. God knows I wish it wasn't.

And grow up. You have called me a liar. That is immature and sad of you.

Penguin2:
They should hold on… Obi is coming to remove subsidy so that their business can become profitable again and the government will also have funds for other critical projects.

But I want Nigerians to remember that we wouldn’t be talking about subsidy by now if not for Tinubu’s malicious and wicked brand of opposition politics.

In January of 2012, President Jonathan removed subsidy and introduced Subsidy Reinvestment Programme (SURE-P) to cushion the effect of the removal of subsidy, but Tinubu raised his army of urchins and led them to occupy Ojota in Lagos while Buhari and Elrufai engaged in their own walk of shame in Kaduna.

Today, that Buhari is the one crying for subsidy removal while Tinubu has lost his voice, and you say these guys are not wicked and evil?

I’m waiting to see Tinubu become president so that I will interrogate the existence of the God of Justice who repays all man according to their deeds.

Tinubu will never reap good for his evils, amen.

Obi ke?
I doubt if Obi will do that. No be so we say of buhari.

Kobonaire234:


Well, since you are in denial...i bid you farewell.

You have the truth staring at you in the face, and you don't want to see it.

Stop crying. Face the truth. Petrol is expensive. God knows I wish it wasn't.

And grow up. You have called me a liar. That is immature and sad of you.

Kobojunkie! I hail o

Npfn:
It's not immature you see the truth and all you doing is to justify your pay by government petrol is not sold 510 and masses are not the cause or reason why the subsidy should be removed instead advocate that regulators work and do their job any one can read your intention and that you paid to attack the subsidy so that been said enjoy your works on selling your works

Like you don't get it...NNPC imports fuel at a cost of N510 as at November and sells it at N140 to market...although it is as high as N180-210 in practice.

That means NNPC is spending about N360 at least to subsidisie one liter of fuel...and when you add that up, that is a large chunk of our budget gone.

At the end, we have to take loans to cover the hole.

And the cost keeps rising. In June 2021...NNPC was spending N261 to bring in one liter. By the middle of the year it was N367...and now it is N510.

Plus rising diesel costs...diesel is now close to N800 up from N400 last year....means that cost of transporting that fuel has gone up.

Either way the poor suffer.




And yes, you are immature. You keep on abusing me, calling me a liar, and calling me an oppressor, and refusing to back down. You are very immature. Better grow up. Abusing people online cannot get you far. Thank you.


Now that is all I have for you. If you don;t get it...sorry.

almarthins:

Kobojunkie! I hail o

I'm not kobojunkie the nairalander. Don't know him or her from Adam.

Kobonaire234:


I'm not kobojunkie the nairalander. Don't know him or her from Adam.

Ah mogbe! E ma GBA mi.
Make I just admit say u no be kobojunkie. Happy sunday

Kobonaire234:



Oga, when you import something at 510 naira and sell it at 180 naira , where do you think the money to pay the difference ie subsidy comes from? Is it not from the masses money?

Is it not the poor that would suffer the resulting deficit and debt?

Okay o. I don talk

Dear Sir, there's nothing you can say to convince Nigerians on this matter. Poverty has destroyed the minds of the Nigerian people. All they care about is CHEAP and FREE, every other thing to them is gibberish.

Cheap fuel, free university, cheap forex, cheap electricity...cheap cheap cheap free free free...government must pay for everything.

Something as simple as - NNPC is sole importer and pays 500 to import and sells to Nigerians at 140...and ORDINARY NIGERIANS buy and smuggle the same petrol to Benin Republic and Cameroun. And people come out to argue in support of keeping such a scheme!

Next they will start raking about domestic refining. We shall see how Dangote will sell to Nigerians at 140, I can't wait.

Poverty has destroyed the minds of Nigerians!

Keep on lying and do your best to blame the masses and trying justifying your pay to lie about the subsidy even a blind man can see your antics enjoy your day we know you for what you are
leaving the regulatory and wicked marketers and trying to blame the masses

Kobonaire234:


Like you don't get it...NNPC imports fuel at a cost of N510 as at November and sells it at N140 to market...although it is as high as N180-210 in practice.

That means NNPC is spending about N360 at least to subsidisie one liter of fuel...and when you add that up, that is a large chunk of our budget gone.

At the end, we have to take loans to cover the hole.

And the cost keeps rising. In June 2021...NNPC was spending N261 to bring in one liter. By the middle of the year it was N367...and now it is N510.

Plus rising diesel costs...diesel is now close to N800 up from N400 last year....means that cost of transporting that fuel has gone up.

Either way the poor suffer.




And yes, you are immature. You keep on abusing me, calling me a liar, and calling me an oppressor, and refusing to back down. You are very immature. Better grow up. Abusing people online cannot get you far. Thank you.


Now that is all I have for you. If you don;t get it...sorry.

Npfn:
Keep on lying and do your best to blame the masses and trying justifying your pay to lie about the subsidy even a blind man can see your antics enjoy your day we know you for what you are
leaving the regulatory and wicked marketers and trying to blame the masses

This one does not yet realize that this is just a website. He is too emotionally involved in a website. That means there is something more that he is not telling us.

No body is emotional here you lie and try justify removal of subsidy when the thread is saying the price marketers are getting it to be 140 to 181 and same marketers have regulatory bodies even DSS stated there is economic sabotage and your here to downplay it and try confuse people and blaming the poor masses there is no were fuel is dispatched 510 in Nigeria so stop

Kobonaire234:


This one does not yet realize that this is just a website. He is too emotionally involved in a website. That means there is something more that he is not telling us.

Npfn:
No body is emotional here you lie and try justify removal of subsidy when the thread is saying the price marketers are getting it to be 140 to 181 and same marketers have regulatory bodies even DSS stated there is economic sabotage and your here to downplay it and try confuse people and blaming the poor masses there is no were fuel is dispatched 510 in Nigeria so stop

Why are you so upset? Is everything all right with you? You seem to be too emotionally invested in this site....

Paid agent all your thread is about removing subsidy and you trying to blame the citizens for regulator's failing on there part I pray you one day reject the payment they give you to push your agenda your beyond redemption

Kobonaire234:


Why are you so upset? Is everything all right with you? You seem to be too emotionally invested in this site....

Npfn:
Paid agent all your thread is about removing subsidy and you trying to blame the citizens for regulator's failing on there part I pray you one day reject the payment they give you to push your agenda your beyond redemption

How much do they pay me then?