raumdeuter:


So you think subsidy grew from 600m to 2bn in 12months by APC coming up with mumbo jumbo?



So if someone present that chart to you of subsidy growing by 300% in 12months you will say it's APC mumbo jumbo

Emaprince:
So GEJ removing subsidy was a lazy way out? Wow!

Oil Minister Diezani Alison-Madueke has a conflict of interest by being both on the board of NNPC - a fuel importer - and the supervisor of the subsidy regulator, the Petroleum Products Pricing and Regulatory Agency (PPPRA).
The number of fuel importers rose from 5 in 2006 to 10 in 2007, 19 in 2008 and 140 in 2011. This decision taken by PPPRA was one of the biggest causes of fraud. Many firms only existed on paper and collected subsidies on fuel that never existed.
In one example of mismanagement, the accountant-general's office made 128 subsidy payment transactions of 999 million naira each in the space of 24 hours between January 12-13 2009 -- equal to about $6.36 million almost every 10 minutes.

GloriousGbola:


The least you can do is write something coherent.

If that is too much for you to do then please sit in the corner join the copy and paste brigade from Twitter

Thus, contrary to the earlier official figure of subsidy payment of N1.3
Trillion, the Accountant-General of the Federation put forward a figure
of N1.6 Trillion, the CBN N1.7 Trillion, while the Committee established
subsidy payment of N2,587.087 Trillion as at 31st December, 2011,
amounting to more than 900% over the appropriated sum of N245
Billion. This figure of N2, 587.087Trillion is based on the CBN figure of N844.944b paid to NNPC, in addition to another figure of N847.942b
reflected as withdrawals by NNPC from the excess crude naira
account, as well as the sum of N894.201b paid as subsidy to the
Marketers. The figure of N847.942b quoted above strongly suggests
that NNPC might have been withdrawing from two sources especially
when the double withdrawals were also reflected both in 2009 and in
2010.
However, it should be noted that as at the time the public hearing was
concluded, there were outstanding claims by NNPC and the Marketers
in excess of N270billion as subsidy payments for 2011.
Whereas the mandate of the Committee was necessitated by the
removal of subsidy, the Committee found out that subsidy payment on
kerosene formed an Integra part of the total sum.

BlueRayDick:


Did u see where they used Burnaboy's last last song in season 3 episode 12? I screamed 😁.

Burna big pass anybody for this Nigeria music industry aswear!

BlueRayDick:
Away from politics.... This killed me 🤣🤣🤣🤣

https://www.instagram.com/reel/C3KqxiXIReY/?igsh=MW45Z2U3aWdmd3Z3dg==

BlueRayDick:
Away from politics.... This killed me 🤣🤣🤣🤣

https://www.instagram.com/reel/C3KqxiXIReY/?igsh=MW45Z2U3aWdmd3Z3dg==

iamoyindamola:

Motivation speaker isonu
Once had a maths teacher that check answer at the back of new general mathematics that year to confirm he's right or wrong

Realmrsean:
dayo and ned nwoko probably went to the same school of thought

https://x.com/Prince_NedNwoko/status/1756249905268473928?s=20

iamoyindamola:

Yeah na everybody go chop breakfast
That was hit

izzou:
The fact that you have to draw a list to counter what you are agreeing on is funny

Does everyone around you from family, church, neighbourhood, etc earn above 600k? Obviously No.

Are they all begging you for money and look tattered? Obviously no.

So wetin be all these measurements and grading?

You peg rent for 65k, but someone is living in Epe and maybe paying 25k, and still earns his 600.

Some don't even have cars, and earn 600

Just cut your coat and it will work. Wetin be TV and Rice inside?

akwesenana:
Ete Yoruba, adi bob oh, ma Abasi.

Sportsweb:
Very simple.

I know all fingers are not equal. All those things they listed there are luxuries. I know how I was raised according to the size of our coats. 600k is more than enough abeg,infact it's too big for simple family man way no send all those luxuries.

What's data for family, DStv sub and all those stuffs am seeing on the list.

My aunt and her husband combine bring in about 300k monthly, they still live in comfortable flat and also enjoy life while training their kids. They plan themselves and cut their Fine Coat according to their size jare

Trevor012:
DSTV Compact - 14K

Data for family - 20K

Offering - 5K 😂

Snacks for kids to school - 16K 😂


People wey dey raise Ajebutters full here

Emaprince:
BlueRayDick. You see what I feared the last time passengers of GIG and ABC Transport comp was kidnapped?

Passengers in a GUO bus just got kidnapped and the driver shot dead.

https://www.nairaland.com/7996577/guo-motor-attacked-passengers-kidnapped

LordAdam16:


CNG/LPG is the energy source of choice for transporters in places like India.

You're the one who said there's no ameliorative measure that could be enacted. I suggested one that has been implemented successfully in peer countries and you're asking about the impact. This is one example.

GloriousGbola:


https://www.thecable.ng/buhari-petrol-subsidy-will-end-by-2023-its-unsustainable

Buhari had repeatedly said there was no more money to pay for subsidy. The fgs debt to nnpc was in the news before the inauguration. You a numbers guy who is making allowance for inflation in company budget, you actually think tinubu would somehow handwave revenue to pay for subsidy into existence?

Ballzproblem2:
cook fraudibeme that fake kalabari man .

Incognito9:


I believe the analysis on the hard decision is the first thing he had to do before removing the subsidy. That announcement on his inauguration day is characteristics of a reckless leader.

hunger is the worst enemy of man and that's the new reality you're saying people should adjust because he want to form hard man.

I fault that ur statement

Ibime:


Only a bloody immigrant will confuse an Okrika man for a Kalabari man

LordAdam16:


CNG/LPG is the energy source of choice for transporters in places like India.

You're the one who said there's no ameliorative measure that could be enacted. I suggested one that has been implemented successfully in peer countries and you're asking about the impact. This is one example. How about opening the borders or reducing import duties on essentials for a limited period?

Cumulatively, don't you think these measures would have softened the blow of a subsidy removal?
If I can come up with these, are you trying to tell me that a well-meaning leader can't assemble a panel of experts that'd put together a better plan than sharing rice?

And if you're saying that the best that Tinubu and his "we prepared for 15 years" gang can suggest is sharing of rice, then by all things that's sacred, don't you think they are ill-equipped to pilot the affairs of this nation.

You're British. How many boneheaded decisions did Liz Truss make before she was bundled out?
How about Carol Bartz of Yahoo who was sacked over the phone?

Yet here you are giving the most stupendous excuse in the history of excuses that a confirmed dolt should not be criticized because he plagiarized the manifestos of more capable candidates.

If Nigeria was a private company, will you accept that BS you spewed? A non-performing CEO should not be fired or criticized because his replacement will do no better. In fact, you're cocksure that his replacement will take the exact same stupid decisions in the exact same moronic manner because you're Doctor Strange moonlighting as a finance pro. Where would that fly?

-Lord

GrammarNazi1:

I can still remember that it was not even Tinubu who stopped the subsidy; Buhari stopped it by not including it in the last budget right before Tinubu took over, though Tinubu had said that subsidy is gone.

I don't know why some people are even saying it was Tinubu who stopped subsidy when it was stopped by Buhari.

This comment of mine isn't even an approval of this present administration. Therefore, if anyone wants to quote this post of mine, be reasonable.

GloriousGbola:

https://www.youtube.com/watch?v=AF8d72mA41M?si=yZ1xo1U73jesuvz8

Nerd dump

Origins of white LEDs

liveLongNprospa:
This is inhaler is now 23k.

You think 600k now is enough?
Lmao... Again you probably never grab how badly expensive the basic things have now become especially as a family man😅.

Let's not forget those things kids will spoil and you'll have to replace😁.

I have never been more grateful for HMO than any other time in my life😂