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Nairaland Forum / Nairaland / General / Politics / FG Pays ₦1trn Monthly As Petrol Subsidy – Pinnacle Oil MD, Robert Dickerman (19544 Views)
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Re: FG Pays ₦1trn Monthly As Petrol Subsidy – Pinnacle Oil MD, Robert Dickerman by johnjose68: 8:53am On Mar 02 |
crossfm: You just jumped on the news because to you, it is a bad news On asiwaju's mandate I stand |
Re: FG Pays ₦1trn Monthly As Petrol Subsidy – Pinnacle Oil MD, Robert Dickerman by EreluRoz: 8:55am On Mar 02 |
franchasofficia:No, if he continues like this I'll ditch him come 2027 I see how people are suffering and it breaks my heart 1 Like 1 Share |
Re: FG Pays ₦1trn Monthly As Petrol Subsidy – Pinnacle Oil MD, Robert Dickerman by bitbillionaire: 8:57am On Mar 02 |
Acidosis: It's obvious you don't know the meaning of FDI 1 Like |
Re: FG Pays ₦1trn Monthly As Petrol Subsidy – Pinnacle Oil MD, Robert Dickerman by badoh(m): 8:57am On Mar 02 |
tunjijones:He wouldn't have continued paying the subsidy had it been the naira was not floated. Floating the naira was what caused the entire issue but for how long will the country continue to borrow forex to defend the naira? |
Re: FG Pays ₦1trn Monthly As Petrol Subsidy – Pinnacle Oil MD, Robert Dickerman by Acidosis(m): 8:59am On Mar 02 |
bitbillionaire: So what is FDI? No fold o. Take your time. You're free to consult Google and come back here with your definition. I'm waiting. |
Re: FG Pays ₦1trn Monthly As Petrol Subsidy – Pinnacle Oil MD, Robert Dickerman by ellyrichy(m): 9:01am On Mar 02 |
If Tinubu removes the subsidy totally now, and fuel becomes 2k . You guys are the one that would call out fire and brimstone for the govt. What's happening now it's just new realities on ground with humane process. Most of these petrol Mds that are doing big revelation,can afford to buy the fuel if it's sold for 50k without blinking. So Oga dey your dey make common man dey him dey. 1 Like |
Re: FG Pays ₦1trn Monthly As Petrol Subsidy – Pinnacle Oil MD, Robert Dickerman by nairalanda1(m): 9:04am On Mar 02 |
michlins: The problem is, we are not earning enough income to pay for subsides on fuel. I mean, if we kept fuel at N200 or below, by now, we could be paying N2trillion or more monthly just to keep the thing subsidised. Even the countries that pay subsidy, either they have higher per capita income than NIgeria...due to having smaller populations, OR they charge hefty taxes and tax everyone and their mother, or they pay subsides to the industries, not cut prices, and pay subsidy to cover the loss as we do in nigeria. At the end, it is either we keep subsidy, and go into massive debt, or we remove subsidy, and people suffer. Ultimate catch 22. But it is evident that subsidy has to go. |
Re: FG Pays ₦1trn Monthly As Petrol Subsidy – Pinnacle Oil MD, Robert Dickerman by oyeb15: 9:10am On Mar 02 |
Our customs that did not allow goods to come into d country allows subsided petrol to leave d country abi There is huge fraud in subsidy by NNPC cos Nigeria consume far less than what they claims to be paying subsidy on. 1 Like |
Re: FG Pays ₦1trn Monthly As Petrol Subsidy – Pinnacle Oil MD, Robert Dickerman by Angrymode: 9:18am On Mar 02 |
Tinubu is only Agbero smart but a fool all the same. He can't do anything right in the formal setting and has nothing but agberoism to offer. 1 Like |
Re: FG Pays ₦1trn Monthly As Petrol Subsidy – Pinnacle Oil MD, Robert Dickerman by Nyanabo(m): 9:22am On Mar 02 |
Self acclaimed Accountant. 😂😂😂 No be by shouting Subsidy is Gone. Fool |
Re: FG Pays ₦1trn Monthly As Petrol Subsidy – Pinnacle Oil MD, Robert Dickerman by Chetas81(m): 9:28am On Mar 02 |
YOU CAN'T SEPARATE INSANITY FROM NIGERIAN CITIZENS, FRAUD EVERYWHERE |
Re: FG Pays ₦1trn Monthly As Petrol Subsidy – Pinnacle Oil MD, Robert Dickerman by RepoMan007: 9:35am On Mar 02 |
We appointed accountant to do the work of conscious economist. A builder of waste place. |
Re: FG Pays ₦1trn Monthly As Petrol Subsidy – Pinnacle Oil MD, Robert Dickerman by RepoMan007: 9:38am On Mar 02 |
amnesty7:Is like you need brain amnesty. The man is speaking undiluted and unpackaged truth. 1 Like 1 Share |
Re: FG Pays ₦1trn Monthly As Petrol Subsidy – Pinnacle Oil MD, Robert Dickerman by Kukutenla: 9:40am On Mar 02 |
vanitybutiwanti:What makes Nigeria complex is those who worship politicians for crumbs or affiliation. The present breed do not have solutions to our problems Is better we do away with them 2 Likes |
Re: FG Pays ₦1trn Monthly As Petrol Subsidy – Pinnacle Oil MD, Robert Dickerman by Kukutenla: 9:41am On Mar 02 |
I want to point out that there is still a massive subsidy in PMS, albeit in the FX portion of PMS Price, not the global price in dollars. Removing subsidy and devaluing the naira was reckless 1 Like |
Re: FG Pays ₦1trn Monthly As Petrol Subsidy – Pinnacle Oil MD, Robert Dickerman by bitbillionaire: 9:43am On Mar 02 |
Acidosis: Chatgbt is your friend bro |
Re: FG Pays ₦1trn Monthly As Petrol Subsidy – Pinnacle Oil MD, Robert Dickerman by Kukutenla: 9:44am On Mar 02 |
nairalanda1:You and thus your rhetoric I just wish you could be president for a day and implement this your beautiful idea I want to check something |
Re: FG Pays ₦1trn Monthly As Petrol Subsidy – Pinnacle Oil MD, Robert Dickerman by Kingrshd3: 9:45am On Mar 02 |
crossfm: God bless you His unpreparedness brought us here and now he is even paying times 2 of what buhari is paying for subsidy 😢. He has a lot of work to do to stable the economy in effect to d subsidy removal on the economy development 2 Likes |
Re: FG Pays ₦1trn Monthly As Petrol Subsidy – Pinnacle Oil MD, Robert Dickerman by Akwamkpuruamu: 9:45am On Mar 02 |
Whalis:What FG intervention do you want in this and how? |
Re: FG Pays ₦1trn Monthly As Petrol Subsidy – Pinnacle Oil MD, Robert Dickerman by Urgent1Million: 9:45am On Mar 02 |
Dickerman! It's the name for me. |
Re: FG Pays ₦1trn Monthly As Petrol Subsidy – Pinnacle Oil MD, Robert Dickerman by Anatolia: 9:45am On Mar 02 |
The APC government thrives on lying to Nigerians because there are plenty mumus who will believe their lies. They had to lie that subsidy was a bad idea to remove it instead of telling the truth that if the naira keeps on reducing in value, subsidies will remain. Who are the subsidy thieves they claimed they have not been able to mention. BBC report showed that subsidy was only consuming 15% of our budget but some naive people on naira land believed that the lie that it was taking 90% of our budgets. 1 Like |
Re: FG Pays ₦1trn Monthly As Petrol Subsidy – Pinnacle Oil MD, Robert Dickerman by Ikpunekenwa(m): 9:46am On Mar 02 |
This one just wants to cause problems with this news. |
Re: FG Pays ₦1trn Monthly As Petrol Subsidy – Pinnacle Oil MD, Robert Dickerman by RepoMan007: 9:51am On Mar 02 |
Acidosis:reno doesn't ronu at all. FDI is different from importation of finished goods. Can local companies do it all? The clown is more concerned about shaking tables. 2 Likes 1 Share |
Re: FG Pays ₦1trn Monthly As Petrol Subsidy – Pinnacle Oil MD, Robert Dickerman by BoldBrainz(m): 10:07am On Mar 02 |
Fearurcreeator: Are you done growling like a rabid malnourished street dog? Now address the issue at hand. 1 Like |
Re: FG Pays ₦1trn Monthly As Petrol Subsidy – Pinnacle Oil MD, Robert Dickerman by Acidosis(m): 10:14am On Mar 02 |
ellyrichy: So you're okay with lies? 1 Like |
Re: FG Pays ₦1trn Monthly As Petrol Subsidy – Pinnacle Oil MD, Robert Dickerman by omohayek: 10:15am On Mar 02 |
aloziedaya:Of what relevance is your minimum wage to the cost of producing refined petroleum, shipping it half-way across the world, and then storing it in expensive containers? The refining and the shipping are done on the international market in US Dollars, and the storage facilities are constructed using materials also paid for in USD. Even if your minimum wage was zero, these harsh realities would still remain, and the costs of getting that refined petroleum to you would still have to be covered in full. It's the height of stupidity to think how much you personally earn can dictate the prices of things you want - such illogical ranting only speaks to the overblown sense of entitlement you and so many other Nigerians suffer from. 1 Like 1 Share |
Re: FG Pays ₦1trn Monthly As Petrol Subsidy – Pinnacle Oil MD, Robert Dickerman by Basicend: 10:20am On Mar 02 |
Isaacpyo04: He should not have floated the naira. . That is the cause of this massive issue. . |
Re: FG Pays ₦1trn Monthly As Petrol Subsidy – Pinnacle Oil MD, Robert Dickerman by omohayek: 10:21am On Mar 02 |
EreluRoz:The entire point of this article is that Tinubu is still diverting huge sums of money to subsidising petrol, and you're talking about "how people are suffering"? What would you be saying now if Tinubu had done the truly sensible thing by abolishing the subsidy altogether, and allowing the market to set prices? This is why I said it was a mistake for Tinubu to not fully deregulate petrol importation and pricing once and for all. Now he's in the worst possible situation, still squandering vast sums on subsidising petrol to the detriment of all other priorities, while also still having to deal with an avalanche of idiotic criticism over the supposedly "cruel" abolition of a subsidy which is actually still in place! 1 Like 2 Shares |
Re: FG Pays ₦1trn Monthly As Petrol Subsidy – Pinnacle Oil MD, Robert Dickerman by Killermamba: 10:23am On Mar 02 |
Re: FG Pays ₦1trn Monthly As Petrol Subsidy – Pinnacle Oil MD, Robert Dickerman by StarRida: 10:26am On Mar 02 |
Baba after sniffing enough Doses of his stuff started capping trash on the day of his inauguration he thought he was addressing Ogbomosho L.G.A ."subsidy removal my foot " 1 Like |
Re: FG Pays ₦1trn Monthly As Petrol Subsidy – Pinnacle Oil MD, Robert Dickerman by timota(m): 10:42am On Mar 02 |
Fearurcreeator:Ask yourself how much is dollar to naira cos fuelis about 1$, Tinubu is paying more monthly subsidy than buhari,he made a mistake floating naira |
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