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Nairaland Forum / Nairaland / General / Politics / No Fuel Subsidy Payments Have Been Made To Marketers Since 2016 – NNPC Limited (35265 Views)
Economy: Nigerian Oil Subsidy Payments Burden. / Osun Govt To Marketers: Hoard Fuel, Face Persecution For Economic Sabotage / Atiku Reacts As Buhari Unveils NNPC Limited (2) (3) (4)
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Re: No Fuel Subsidy Payments Have Been Made To Marketers Since 2016 – NNPC Limited by gaby(m): 5:29pm On Jul 05, 2023 |
Na this one we dey call country? Smh 1 Like |
Re: No Fuel Subsidy Payments Have Been Made To Marketers Since 2016 – NNPC Limited by busomma: 5:30pm On Jul 05, 2023 |
Can somebody explain to Nigerians what happened to the trillions of Naira that has been paid to marketers all these yrs? 2 Likes |
Re: No Fuel Subsidy Payments Have Been Made To Marketers Since 2016 – NNPC Limited by Nobody: 5:30pm On Jul 05, 2023 |
Jd10k: NNPC is buying high from who? NNPC is solely responsible for crude exports. Same NNPC is responsible for petroleum products imports. Same NNPC has never come out to declare the total revenue realised from crude sale at any particular point in time. Doesn't that tell you there's been a "crude for petrol" swap arrangement going on over the last 8years? If that has been the case, then why has NNPC been quoting over 350billion naira monthly subsidy budgets for the past 8years? Are you saying the cost of refining and transportation of these products is what's been gulping those monumental amounts being quoted? My head is spinning right now. 4 Likes |
Re: No Fuel Subsidy Payments Have Been Made To Marketers Since 2016 – NNPC Limited by OlujobaSamuel: 5:31pm On Jul 05, 2023 |
obailala:You are too generous. 99% actually |
Re: No Fuel Subsidy Payments Have Been Made To Marketers Since 2016 – NNPC Limited by Bfly: 5:36pm On Jul 05, 2023 |
Most of these blames is on the masses who allow themselves to be subjected to divide and rule where the people are preoccupied with, ethnic, religion and partisan sentiments. Instead of focusing on maintaining a proper governance. How all these things happen without masses awareness is a blow on the masses. And that is why they will continue to suffer. Snake swallow money, someone hired plane to deceive us, etc. To me the soul of the masses has been conquered, the best they can do is complain and wake up to thesame thing. How i wish the southeast can just get the f__k out of this country and let us focus on the government. But the government needs them for this to continue. 1 Like |
Re: No Fuel Subsidy Payments Have Been Made To Marketers Since 2016 – NNPC Limited by Blacktruth: 5:37pm On Jul 05, 2023 |
Wonders shall never end 1 Like |
Re: No Fuel Subsidy Payments Have Been Made To Marketers Since 2016 – NNPC Limited by mailmitch(m): 5:38pm On Jul 05, 2023 |
You see this government of APC will be the beginning of a revolution that will end or begin a new Nigeria. Since 2016 no shishi was paid to Marketer's. And they all kept quiet because they where also enjoying from the crude equivalent of their money. Buhari and APC really did Nigeria dirty ![]() ![]() 1 Like |
Re: No Fuel Subsidy Payments Have Been Made To Marketers Since 2016 – NNPC Limited by MoneyMustBMade(m): 5:40pm On Jul 05, 2023 |
basilo102: Ok you don't know before? 1 Like |
Re: No Fuel Subsidy Payments Have Been Made To Marketers Since 2016 – NNPC Limited by Advancedman(m): 5:41pm On Jul 05, 2023 |
advanceDNA: |
Re: No Fuel Subsidy Payments Have Been Made To Marketers Since 2016 – NNPC Limited by Asswipemod: 5:41pm On Jul 05, 2023 |
nairalanda1: Don't mind the numbskulls, dunderheads, dudbrains and bozos on this forum that read without understanding jack, then start posting rubbish feedback. |
Re: No Fuel Subsidy Payments Have Been Made To Marketers Since 2016 – NNPC Limited by nairalanda1(m): 5:43pm On Jul 05, 2023 |
ManWater: The smuggliers, government officials, and a host of other people Before 2016, marketers, etc. |
Re: No Fuel Subsidy Payments Have Been Made To Marketers Since 2016 – NNPC Limited by nairalanda1(m): 5:43pm On Jul 05, 2023 |
Angelfrost: Rather childish of you, dear lad. I expected better. 1 Like |
Re: No Fuel Subsidy Payments Have Been Made To Marketers Since 2016 – NNPC Limited by nairalanda1(m): 5:44pm On Jul 05, 2023 |
CodeTemplar: |
Re: No Fuel Subsidy Payments Have Been Made To Marketers Since 2016 – NNPC Limited by Asswipemod: 5:44pm On Jul 05, 2023 |
mailmitch: Are you a marketer? Did any marketer come out to tell you that he has been not been paid since 2016? Is it possible to be doing business without being paid since 2016 and not fizzle out into oblivion? Go back and read again. Comprehension deficiency de worry all of una. 1 Like |
Re: No Fuel Subsidy Payments Have Been Made To Marketers Since 2016 – NNPC Limited by OmoNla99: 5:46pm On Jul 05, 2023 |
Naija, the more you look, the less you see. |
Re: No Fuel Subsidy Payments Have Been Made To Marketers Since 2016 – NNPC Limited by ArewaNorth: 5:46pm On Jul 05, 2023 |
advanceDNA: Flets: taylor89: It is unfortunate how you can't understand a simple statement but rushed to comment in ignorance. Crude Swap Arrangement gave NNPCL the crude equivalent worth of the refined products they used to import within the period he mentioned and NNPCL was sole importer of the PMS thereby distributing it to marketers at subsidized rate, federal government still owes the firm the sum of N2. 8 trillion spent on petrol subsidy between 2016 and May this year that is why NNPCL couldn't make reasonable profits since commercializing it by PIA due to the subsidy being finaced by the company not FG. |
Re: No Fuel Subsidy Payments Have Been Made To Marketers Since 2016 – NNPC Limited by endy69: 5:48pm On Jul 05, 2023 |
nairalanda1:Then, if NNPCL is has been the sole importer since 2016, why are you telling us that marketers are stealing? Does it add up? APC told us they borrow to pay subsidy to marketers now there's no marketers only NNPCL, who has APC been paying subsidy to? Why remove subsidy if only NNPCL a government agency is the sole importer of petroleum? Why didn't the refineries work? APC need to answer all these questions and more. Now everyone knows that subsidy was not removed because marketers steal because there are no marketers since APC took over |
Re: No Fuel Subsidy Payments Have Been Made To Marketers Since 2016 – NNPC Limited by nairalanda1(m): 5:48pm On Jul 05, 2023 |
Buddha3: In 2016, Buhari made NNPC the sole importer, which means NNPC imported fuel at price X and sold at a lowe price Y The difference between price X and Y was paid as subsidy Add monies paid to transporters to keep the cost of fuel the same across the country There is your subsidy cost. Oga, I used to respect you. Now you have joined the mockers. I am not defending any corruption. I am giving an explanation. Sigh. 1 Like |
Re: No Fuel Subsidy Payments Have Been Made To Marketers Since 2016 – NNPC Limited by MOVIC6: 5:49pm On Jul 05, 2023 |
So the are accomplice to the daylight robbery and corruption in Government, for them to even consent to fuel subsidy without bringing this present outcome to the table since 2016, they're same people... |
Re: No Fuel Subsidy Payments Have Been Made To Marketers Since 2016 – NNPC Limited by advanceDNA: 5:50pm On Jul 05, 2023 |
ArewaNorth: Lol.....Werey.....always backing up ur opressors...explaining on their behalf..... when will u be free....? How much are they paying u?? 2 Likes |
Re: No Fuel Subsidy Payments Have Been Made To Marketers Since 2016 – NNPC Limited by Amakayuruba: 5:50pm On Jul 05, 2023 |
taylor89:na you sabi |
Re: No Fuel Subsidy Payments Have Been Made To Marketers Since 2016 – NNPC Limited by nairalanda1(m): 5:50pm On Jul 05, 2023 |
endy69: It's because you are mixing the 2012 situation with the 2016 situation. Marketers were not allowed to import from 2016 How marketers stole was by smuggling fuel. Which they always did until the subsidy got removed completely Subsidy payments since 2016 went to NNPC and to transporters of fuel (Kai, people don't get it at all) 1 Like |
Re: No Fuel Subsidy Payments Have Been Made To Marketers Since 2016 – NNPC Limited by MOVIC6: 5:51pm On Jul 05, 2023 |
taylor89: This's not about Apc, they're both accomplice to this fraud, they knew funds weren't coming in, they kept quiet knowing they will still gain from it.. |
Re: No Fuel Subsidy Payments Have Been Made To Marketers Since 2016 – NNPC Limited by ednut1(m): 5:51pm On Jul 05, 2023 |
stanech:that what they have been doing . The fraud is in the quantity of crude used for exchange. Since its a private agreement |
Re: No Fuel Subsidy Payments Have Been Made To Marketers Since 2016 – NNPC Limited by Moniya4Real(m): 5:52pm On Jul 05, 2023 |
Nigeria drama no Dey tire person… wait and watch how Myelle Kyari will quickly come out to say his statement was misconstrued |
Re: No Fuel Subsidy Payments Have Been Made To Marketers Since 2016 – NNPC Limited by transient123(m): 5:52pm On Jul 05, 2023 |
nairalanda1: This is succinctly put, alas, most people commenting didn't understand the technicalities. All the same, it's a round trip of corruption. 1 Like |
Re: No Fuel Subsidy Payments Have Been Made To Marketers Since 2016 – NNPC Limited by endy69: 5:52pm On Jul 05, 2023 |
Asswipemod:Are in better position to tell Nigerians who has been paid than NNPC? 1 Like |
Re: No Fuel Subsidy Payments Have Been Made To Marketers Since 2016 – NNPC Limited by DOptical: 5:53pm On Jul 05, 2023 |
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Re: No Fuel Subsidy Payments Have Been Made To Marketers Since 2016 – NNPC Limited by nairalanda1(m): 5:54pm On Jul 05, 2023 |
transient123: Yeah, that';s why I ended up not supporting subsides since 2012. Once you see the corruption in it, you find out enough is enough. Buhari was wrong to support subsidy retention, wrong to keep it, and Tinubu was wrong to support him Infact, the whole thing is just a round trip of corruption, then add smuggling. 1 Like |
Re: No Fuel Subsidy Payments Have Been Made To Marketers Since 2016 – NNPC Limited by stanech: 5:55pm On Jul 05, 2023 |
ednut1: so why are they complaining that there is no money to pay subsidy? And if that's the case then shouldn't the product be way cheaper. ? 1 Like 1 Share |
Re: No Fuel Subsidy Payments Have Been Made To Marketers Since 2016 – NNPC Limited by endy69: 5:57pm On Jul 05, 2023 |
nairalanda1:Pls help me get it. If NNPC is sole importer of fuel, who then hike the amount of fuel consumed? NNPC or marketers. Let me believe NNPCL imports and sell to marketers, Joe possible is it that NNPC don't know the amount of petroleum consumed daily in this country. Again is the federal government owning subsidy since 2016? If not then NNPC MD should come out and explain better 1 Like |
Re: No Fuel Subsidy Payments Have Been Made To Marketers Since 2016 – NNPC Limited by Nobody: 5:57pm On Jul 05, 2023 |
nairalanda1: You don't need to school me on the derivation formula that births subsidy. Outside the fact that I'm well read, I had a brief stint in the oil sector between 2011 and 2013. One eery observation any keen mind would have made over the years spanning through Buhari's tenure, is the fact that the NNPC has been either very elusive or vague whenever it came to declaring total revenue accrued from crude oil sales. Now, we all know the NNPC has been solely responsible for crude sales. If they don't post earnings, it is safe to believe that there's been a "Crude for petroleum products" kind of swap arrangement in the books, since the same body was responsible for exports and imports. And except I have lost my sense of understanding, Mele Kyari duly implied that with this exposé. So, if that has been the trade arrangement bringing in petroleum products, are you saying that just the expenses involved in the transportation of these products and other extant expenditures, is what's been gulping over 350billion naira monthly for the past 8years? 3 Likes |
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