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Fuel Subsidy Expenditure From 2005 To 2022 - Politics (5) - Nairaland

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Re: Fuel Subsidy Expenditure From 2005 To 2022 by Crowdboom(m): 10:57pm On Jun 06, 2023
Tadeus:


Are you dense? How is 6trn naira plus higher than 7trn naira plus? What kind of nonsense and uneducated people full this forum?. I'm pissed 😡😡


Who is dense now?

Go back and do the analysis.
How many years did Jonathan spend?
Buhari spent 8years
Jonathan spent 6years
Re: Fuel Subsidy Expenditure From 2005 To 2022 by Murketeer: 11:01pm On Jun 06, 2023
Gamesmart:


If you like, never get the sense that iiiiidiot wasted our great chance of accelerating our growth and creating opportunities & a safety net for our future.

Instead he created opportunities for looters to maximise their loot to the point they were doing documentary of rich Nigerians in the West. Even his wife stole over $30m.

Don't blame him. Think it does not matter, it is in the past and "he is a great hero for conceding".

Una deserve una sufferings.

Lol ..you are really funny ...I am wondering why you are still blaming Jonathan when we just finished with Buhari of 8 years ...u seem to be very okay with Buhari's performance
Re: Fuel Subsidy Expenditure From 2005 To 2022 by VULCAN(m): 11:02pm On Jun 06, 2023
When the first sentence is a lie

What will the rest be?

See how he bends over backward to absolve Buhari and blame Jonathan.

Silly.

Was it not Buhari, Tinubu and his gang that almost destabilised the country ontop of reverse the removal of Fuel subsidy.

If you think you're smart, you're not.

Do you think we don't know your type?

You're just another of the multitude of APC arrselickers and urrrchinns on this site.

You registered this moniker on Nairaland Just September last year and almost all your threads are attacking Obi.

Tell us which monikers you were operating with before then?

Abi you just turned 18 in September?

Mtscheww!



N3TRAL:
I'm a bonafide south south boy but let's face it- based on those figures, APC no too chop Nigeria's money.

What Jonathan's administration spent for subsidy for 4 years is almost double what Buhari spent for 7 years.

If you divide Buhari's figure, it is lower than what Yaradua spent in 2 years and what Obasanjo spent in a year.

APC may have its problems but you have to admit that their subsidy figure is the lowest in the history of Nigeria.

The data also shows that Buhari's major problem may not have been misappropriation of funds but he couldn't run the economy well. The percentage the naira fell during Buhari's era is scary.
Re: Fuel Subsidy Expenditure From 2005 To 2022 by Murketeer: 11:05pm On Jun 06, 2023
bashlek:
Jonathan remains the worst president Nigeria has ever produced. Buhari try pass Jonathan. Jonathan wud have remove this useless subsidy, but see looting in his administration. God will judge all of dem sha
Lol ...so Buhari tried...God have mercy grin
Re: Fuel Subsidy Expenditure From 2005 To 2022 by Gamesmart: 11:11pm On Jun 06, 2023
Murketeer:


Lol ..you are really funny ...I am wondering why you are still blaming Jonathan when we just finished with Buhari of 8 years ...u seem to be very okay with Buhari's performance

Foolish strawman!
Re: Fuel Subsidy Expenditure From 2005 To 2022 by Murketeer: 11:12pm On Jun 06, 2023
Gamesmart:


Foolish strawman!
Oh ... he's throwing insults now ...have fun
Re: Fuel Subsidy Expenditure From 2005 To 2022 by Gamesmart: 11:15pm On Jun 06, 2023
Murketeer:

Oh ... he's throwing insults now ...have fun

That was not a personal insult.

The attempt was foolish, and I stated it.

What have you seen from me that made you suggest "I am very okay with Buhari's performance"?

You pulled it from the assss?

It was a foolish strawman attempt to divert from the fact that you could not reason before being taught why Jonadaaft needs to be continuously cursed for life.

Or you don't know what "strawman" means?
Re: Fuel Subsidy Expenditure From 2005 To 2022 by Murketeer: 11:21pm On Jun 06, 2023
Gamesmart:


That was not a personal insult.

The attempt was foolish, and I stated it.

What have you seen from me that made you suggest "I am very okay with Buhari's performance"?

You pulled it from the assss?

It was a foolish strawman attempt to divert from the fact that you could not reason before being taught why Jonadaaft needs to be continuously cursed for life.

Or you don't know what "strawman" means?
It's late...just get some sleep...
Re: Fuel Subsidy Expenditure From 2005 To 2022 by Corridon: 11:28pm On Jun 06, 2023
simfrost90210:


Yes!
Just because Ambode refused to subsidize Tinubu's bank account in 2017-2018 and focused in the rehabilitation of the airport road which is superb now, he angrily took the gubernatorial seat away from him and gave it to Sanwo-Olu as the reason why elections in Nigeria are just a waste of productive time, giving godfatherism full chance to play out!!! Tinubu doesn't love what benefits the masses, he loves what benefits himself and his household, it's his own sole purpose!

BAT is a very mean and heartless politician!
I know that man to be too dangerous.

1 Like

Re: Fuel Subsidy Expenditure From 2005 To 2022 by Gamesmart: 11:32pm On Jun 06, 2023
Murketeer:

It's late...just get some sleep...

Obviously, diversion and deviation is obviously your last resort.
Re: Fuel Subsidy Expenditure From 2005 To 2022 by LaSenior: 11:35pm On Jun 06, 2023
We understood Jonathan subsidy payments at least fuel was bought at 87naira per litre

But buhari own I no understand am fuel was bought for 165 to 240 Still paying subsidy
Re: Fuel Subsidy Expenditure From 2005 To 2022 by Greatex90: 11:38pm On Jun 06, 2023
You are wrong, the price is fuel during GEJ tenure was cheaper, that means GEJ paid more moneys into subsidies to make fuel price more affordable.
South South boy, you didn't reason from this angle grin
obembet:


You are very correct just that most people are to tribal and sentiment, I don't like APC policy and methods of governing but when it come to looting, them dey learn from where PDP dey

1 Like

Re: Fuel Subsidy Expenditure From 2005 To 2022 by kozmokaz(m): 12:04am On Jun 07, 2023
Gamesmart:


Show us your sense.

Show us what they hid if your brain is functional.

Oya.


2010—2014: ₦6.68tn ($42.2bn)
2015—2022¹: ₦7.95tn ($23.3bn)

What stupid figure is this ?

How can $42.2bn be 6.68tn ( in 2014 ) with the exchange rate of 205 then

And $23.3bn be 7.95tn with exchange rate of 490 ?

Even if we work with same exchange for both columns ( even if 😆)

You gonna see the rubbish Stat this mofos dished out for you all to absorb!

2 Likes

Re: Fuel Subsidy Expenditure From 2005 To 2022 by damoobaba: 12:05am On Jun 07, 2023
Corridon:
His antecedent reads negative.

Wetin be your papa antecedent, if he has any. Tinubu is President, compare their achievements and tell me how your father us better.
Re: Fuel Subsidy Expenditure From 2005 To 2022 by ReubenE(m): 12:05am On Jun 07, 2023
solmusdesigns:
shocked



Wow


I went to eat at a mama put and some women got talking

The normal Ibadan hood women , traders and vendor

They said in their Neighborhood Yahooboys won't let them rest with Sounds of Generator from morning till night as they don't work, and they also go clubbing disturbing them at night

They said with subsidy removal atleast the money would go to power generation for the whole country and other infrastructure

If these women could understand it's Economic importance , I wonder why some educated folks are against it especially NLC boss


Nigeria has over 11,000 abandoned Projects

*Fix Ajaokuta with $1.2billion USD and Nigeria would become manufacturer of steel based products

*Complete Zhengeru Projects, Mabila dam with $500m and we have more power

*Build two Nuclear powered plant and like 5 coal plant and Generate enough power to sell accross west Africa

*Build monorail in all major city

*Build Inter state roads and rail



.
@bold

They failed because there is no money or they failed because of corruption?

Nigerians love hiding behind one finger. It would be an error for you to think Nigeria is failing because there is paucity of funds.

Some of you just re-echo beautiful bedtime stories presented by politicians in public fora like you are the one saddled with the responsibility to implement it judging from the way some of you say it with so much gusto.

Funds spent on power between 2003-2019, is it not enough to build the "2 Nuclear Power plants, 5 coal plants and generate enough power to sell across West Africa" just exactly like you captured in your statement?

The 11,000 abandoned projects that you mentioned; is money the reason for their abandonment?
What have you seen differently this time around that is suppose to allay the fears of those that view every government action with suspicion? Is there any way we can hold them accountable if they repeat the same process?

Those are the indices we should be discussing and providing solutions, and not how you went to an amala joint and overheard market women saying what government will do with subsidy funds.
What you heard the women saying, how is it different from the failed campaign promises we have been nourished with in the past?
Re: Fuel Subsidy Expenditure From 2005 To 2022 by kayode4arch: 12:08am On Jun 07, 2023
Ur same manager will also join them to loot it, which our wicked leaders sees as National Cake, heartless leaders, only thinking about their family generation, no matter party affiliation or religion believe.

SpecialAdviser:

He may not be the person to loot it. But all those criminals and armed robbers around him will do justice to the money. grin grin It would have been best to entrust it with young vibrant manager. PO precisely.

1 Like

Re: Fuel Subsidy Expenditure From 2005 To 2022 by kozmokaz(m): 12:09am On Jun 07, 2023
ebig21:


Yeye, so you couldn’t understand lies when you see it. I will ask you a simple question. How come Buhari spent 7.79 trillion naira and it’s 23 billion dollars and Goodluck spent 6.68 trillion and it’s 42 billion dollars. Note dollar was 240 during Jonathan regime. Just know that Buhari expenditure was swapped with Goodluck own.

I thought I was the o ly one who noticed this

1 Like

Re: Fuel Subsidy Expenditure From 2005 To 2022 by Minjim: 12:32am On Jun 07, 2023
Corridon:
The question is: Will Bola use the money saved from subsidy to improve the life of average Nigerian and make our country a better place for everyone or will he loot it dry through alpha beta and Iyaloja general?


How is the money saved when NNPC claimed they FG didn't even pay for it and FG is owing it.

I'm highly disappointed in Tinubu already. Instead of doing his homework and cleaning the fraud in NNPC, It the people he's decided to face.

With the rate of corruption in government, there is no palliative that can get to Nigerians from FG. Be it cash payments or basic supplies.
Fuel subsidy is the only palliative the FG gives Nigerians for being citizens of a crude oil-producing nation. And they still feels it's out fault they and their friends are stealing the money
Re: Fuel Subsidy Expenditure From 2005 To 2022 by zedegit: 12:34am On Jun 07, 2023
N3TRAL:
I'm a bonafide south south boy but let's face it- based on those figures, APC no too chop Nigeria's money.

What Jonathan's administration spent for subsidy for 4 years is almost double what Buhari spent for 7 years.

If you divide Buhari's figure, it is lower than what Yaradua spent in 2 years and what Obasanjo spent in a year.

APC may have its problems but you have to admit that their subsidy figure is the lowest in the history of Nigeria.

The data also shows that Buhari's major problem may not have been misappropriation of funds but he couldn't run the economy well. The percentage the naira fell during Buhari's era is scary.

What do you have to say about Air Nigeria?

For a man touted to be fight corruption and who accused Jonathan as being corrupt, he saw corruption in his own government and did nothing.

What is the essence of 'saving' money if that money will only enter private pockets?

If you want to analyze, be thorough.

1 Like

Re: Fuel Subsidy Expenditure From 2005 To 2022 by Gamesmart: 12:55am On Jun 07, 2023
kozmokaz:



2010—2014: ₦6.68tn ($42.2bn)
2015—2022¹: ₦7.95tn ($23.3bn)

What stupid figure is this ?

How can $42.2bn be 6.68tn ( in 2014 ) with the exchange rate of 205 then

And $23.3bn be 7.95tn with exchange rate of 490 ?

Even if we work with same exchange for both columns ( even if 😆)

You gonna see the rubbish Stat this mofos dished out for you all to absorb!

Did you use your brain to think that exchange rates fluctuate and they might have calculated using the exchange rate for each year?
Re: Fuel Subsidy Expenditure From 2005 To 2022 by lexy2014: 1:13am On Jun 07, 2023
obembet:



Don't let us conclude untill then... Let hope for something good

Nlfpmod

How does hoping make those in government to do the right thing?

1 Like

Re: Fuel Subsidy Expenditure From 2005 To 2022 by lexy2014: 1:19am On Jun 07, 2023
N3TRAL:
I'm a bonafide south south boy but let's face it- based on those figures, APC no too chop Nigeria's money.

What Jonathan's administration spent for subsidy for 4 years is almost double what Buhari spent for 7 years.

If you divide Buhari's figure, it is lower than what Yaradua spent in 2 years and what Obasanjo spent in a year.

APC may have its problems but you have to admit that their subsidy figure is the lowest in the history of Nigeria.

The data also shows that Buhari's major problem may not have been misappropriation of funds but he couldn't run the economy well. The percentage the naira fell during Buhari's era is scary.

If you say buharis problem wasn't misappropriation, where are the monies he spent?

between 2015 and 2020, over N1.48 trillion reportedly spent on maintaining the country’s four refineries. Can you show us the results of that expenditure?

If you saying buharis only problem is his inability to run the economy well, it's either you are lying about buhari or Tinubu lied about him. Which one?

Re: Fuel Subsidy Expenditure From 2005 To 2022 by lexy2014: 1:39am On Jun 07, 2023
SpecialAdviser:

He may not be the person to loot it. But all those criminals and armed robbers around him will do justice to the money. grin grin It would have been best to entrust it with young vibrant manager. PO precisely.

How do you attract criminals and armed robbers to yourself if you aren't one?

1 Like

Re: Fuel Subsidy Expenditure From 2005 To 2022 by lexy2014: 1:47am On Jun 07, 2023
zuma4k:
Truly Subsidy would have ended Nigeria.
I hope the new administration revamps our refineries and make adequate use of the saved proceeds which would have been wasted on this fraudulent subsidy.

How is subsidy fraudulent? Is subsidy a human being that it is fraudulent?

How will it have ended nigeria?

Subsidy has been "removed" from diesel and kerosene long ago. Has nigeria turned to canada?

Between 2015 and 2020, buhari spent N1.48 trillion on maintaining the country’s four refineries. Is anything to show for it? Is subsidy responsible for that?

Between January and august 2022, nigeria lost $2b to oil theft. Am sure it's the fault of fuel subsidy. Fuel subsidy oscrhe cause of all Nigerias problems
Re: Fuel Subsidy Expenditure From 2005 To 2022 by lexy2014: 1:53am On Jun 07, 2023
Gbogbowa:
If you think subsidy is our major problem then you deceive yourself, our major problem is CORRUPTION imagine Buhari 2023 budget of 21trillion just remove subsidy of 3trillion you have 18 trillion. If we cant feel the impact of 18trillion then are you going to feel the impact of 3trillion subsidy money? 2021 budget was 17trillion remove the subsidy of 1.5trillion you have 15.5 trillion, pls tell me if you feel the impact of 15.5 trillion in Nigeria economy last year. You will not believe that the money goverment use in servicing dept yearly is more than what they spend on subsidy yet they are not ready to stop collecting loan for cusumption but very quick to stop subsidy. Fight corruption first before subsidy removal

Subsidy the cause of all Nigerias problems. Subsidy is responsible for the refineries not working despite buhari spending N1.48 trillion on them between 2015 and 2020.

Subsidy is responsible for oil theft that cost Nigeria $2b in the first 8months of 2022.

Infact, it's because of subsidy that Gaddafi was killed. Let's arrest subsidy and take it to international criminal court. Once that is done, nigeria will turn to Dubai
Re: Fuel Subsidy Expenditure From 2005 To 2022 by gare(f): 2:47am On Jun 07, 2023
obembet:


You are very correct just that most people are to tribal and sentiment, I don't like APC policy and methods of governing but when it come to looting, them dey learn from where PDP dey


What are you guys talking about have you checked how that was borrowed by APC government is more than what PDP borrowed in 16yrs, please get your facts right , PDP, APC are all same so I would not separate any of them they are all evil set of people taking advantage of Nigerians

1 Like

Re: Fuel Subsidy Expenditure From 2005 To 2022 by gare(f): 3:09am On Jun 07, 2023
N3TRAL:
I'm a bonafide south south boy but let's face it- based on those figures, APC no too chop Nigeria's money.

What Jonathan's administration spent for subsidy for 4 years is almost double what Buhari spent for 7 years.

If you divide Buhari's figure, it is lower than what Yaradua spent in 2 years and what Obasanjo spent in a year.

APC may have its problems but you have to admit that their subsidy figure is the lowest in the history of Nigeria.

The data also shows that Buhari's major problem may not have been misappropriation of funds but he couldn't run the economy well. The percentage the naira fell during Buhari's era is scary.

Please stop this is I am from South South, we don't expect you to like everyone from the south South, GEJ saw how much the subsidy was costing the government and took the decision to remove it, this same people you all are supporting stood and said know, we almost had a regime change because of that, Tinubu came up with formula that you can't remove all of it at once, but gradually and the money saved should be shown to Nigerians what it was used for.

Now same Tinubu has abandoned his on formula and suggestions to GEJ, but rather remove everything ones without any plans on how the masses would manage the great change.

That's what I call hypocrisy, including you playing the tribe card here, we should clap for you because you are from South South and you don't support GEJ, is that the issues here now is everyone not suffering from it, please look at issues like a Nigerian, we don't care about your tribe or Location.

3 Likes

Re: Fuel Subsidy Expenditure From 2005 To 2022 by IbeOkehie: 3:30am On Jun 07, 2023
Godsake:
We obviously do not have a serious government if not this issue would've been tackled when Nigeria had abundance of money

Presidents Obasanjo & Jonathan tried to tackle it but the NIGERIAN PEOPLE firmly rejected their policies.

The Nigerian People are their own worst enemy. They have a socialist mentality and consistently vote for socialist Presidents and support socialist policies.

Socialism kills economies. Look around the world. You can't have economic progress in a country where government sets prices, controls access to markets and private citizens can't own land and the resources therein. It can NEVER happen.

Good Luck to Nigerians.
Re: Fuel Subsidy Expenditure From 2005 To 2022 by klawaaa: 3:58am On Jun 07, 2023
You know that a cat won't change to be a dog? A cat would be a cat any day, anytime and won't never changed to be a dog. From the time of immemorial, this dude is corruption personified. Everything about him is self-centeredness, and questionable.
obembet:



Don't let us conclude untill then... Let hope for something good

Nlfpmod
Re: Fuel Subsidy Expenditure From 2005 To 2022 by solmusdesigns: 4:28am On Jun 07, 2023
ReubenE:

@bold

They failed because there is no money or they failed because of corruption?

Nigerians love hiding behind one finger. It would be an error for you to think Nigeria is failing because there is paucity of funds.

Some of you just re-echo beautiful bedtime stories presented by politicians in public fora like you are the one saddled with the responsibility to implement it judging from the way some of you say it with so much gusto.

Funds spent on power between 2003-2019, is it not enough to build the "2 Nuclear Power plants, 5 coal plants and generate enough power to sell across West Africa" just exactly like you captured in your statement?

The 11,000 abandoned projects that you mentioned; is money the reason for their abandonment?
What have you seen differently this time around that is suppose to allay the fears of those that view every government action with suspicion? Is there any way we can hold them accountable if they repeat the same process?

Those are the indices we should be discussing and providing solutions, and not how you went to an amala joint and overheard market women saying what government will do with subsidy funds.
What you heard the women saying, how is it different from the failed campaign promises we have been nourished with in the past?


I believe you are simply fustrated and I won't read your silly comment

Have good day
Re: Fuel Subsidy Expenditure From 2005 To 2022 by lomaxx: 4:29am On Jun 07, 2023
N3TRAL:
I'm a bonafide south south boy but let's face it- based on those figures, APC no too chop Nigeria's money.

What Jonathan's administration spent for subsidy for 4 years is almost double what Buhari spent for 7 years.

If you divide Buhari's figure, it is lower than what Yaradua spent in 2 years and what Obasanjo spent in a year.

APC may have its problems but you have to admit that their subsidy figure is the lowest in the history of Nigeria.

The data also shows that Buhari's major problem may not have been misappropriation of funds but he couldn't run the economy well. The percentage the naira fell during Buhari's era is scary.


What you are saying does not make sense because it was the same Jonathan administration that removed subsidy BECAUSE THERE WERE SO MANY LEAKAGES.

If you had an iota of sense, what you should be asking is: if Nigerians allowed Jonathan to remove subsidy in 2012, what would the net gains be?

1 Like

Re: Fuel Subsidy Expenditure From 2005 To 2022 by lomaxx: 4:30am On Jun 07, 2023
gare:


Please stop this is I am from South South, we don't expect you to like everyone from the south South, GEJ saw how much the subsidy was costing the government and took the decision to remove it, this same people you all are supporting stood and said know, we almost had a regime change because of that, Tinubu came up with formula that you can't remove all of it at once, but gradually and the money saved should be shown to Nigerians what it was used for.

Now same Tinubu has abandoned his on formula and suggestions to GEJ, but rather remove everything ones without any plans on how the masses would manage the great change.

That's what I call hypocrisy, including you playing the tribe card here, we should clap for you because you are from South South and you don't support GEJ, is that the issues here now is everyone not suffering from it, please look at issues like a Nigerian, we don't care about your tribe or location.

Don't mind the mor.0n

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