izzou:


No where to turn, you say?

GloriousGbola:


energy subsidy has come home to roost
fuel subsidy has come home to roost
dollar subsidy has come home to roost

izzou:


But we are still paying fuel subsidy nau

When our correspondent to the Olabisi Onabanjo University Teaching Hospital, Sagamu, on Wednesday, all the wards were empty except for a few critically ill patients being managed by the consultants.

It was gathered that the teaching hospital had, since the commencement of the strike, discharged many patients and stopped admitting new ones.

A nurse at the outpatient clinic, who spoke under the condition of anonymity as she was not allowed to speak to the press, said the discharged patients may have to return when the strike is over.

Another, who also asked not to be identified, noted that the hospital, which usually was a beehive of activities, now wears a deserted look since the strike began.

Looking quite concerned, she said, “You can see for yourself how deserted everywhere looks, and it will get worse if the government allows the strike to drag on unnecessarily. The hospital no longer admits or attends to patients except for a few who may have appointments with the medical consultants

Ibime:


It's very easy to understand

PMS is an imported commodity and like all other commodities, it is affected by exchange rate

Assuming the true cost of PMS was N500 then and you were paying N200 per litre, then Govt was subsidising N300 in every litre

Official Naira rate has tripled so the same PMS true cost is now N500x3 = N1,500. If you are paying N700 now. Then Govt is now subsiding N800 inside

liveLongNprospa:


But we consume less PMs now.
That's major factor.

Why are we paying like we consumed the same number of fuel we did during buhari and GEJ?

The maths is not mathin

izzou:


Exchange rate

iamoyindamola:

What exchange rate
Izzouchukwu be careful

But in his “clarification” to NAN, Ajiya said subsidy has not been paid to any marketer in the last nine years — understandably because NNPC is the sole importer of petrol via contracts with suppliers.

“In the last eight to nine years, NNPC Ltd. has not paid anybody a dime as a subsidy; no one has been paid kobo by NNPC Ltd. in the name of subsidy,” Ajiya said.

BlueRayDick:


All their explantions are not even Making sense sef. Imagine the NNPC spokesperson saying



If subsidy has not been paid to anyone in the last 9 years as they claimed, then what was Tinubu referring to one year ago when he said " Subsidy is gone"?

If it is the system of "shortfall" clearing which they are now explaining , what has changed since the yeye announcement? Omo! These people no rate us at all.They don't even bother to tell convincing lies anymore

izzou:

BlueRayDick:


The thing just weak person

We know what we are doing, don't we?

So as it is now, NNPC is running at a loss.

BlueRayDick:


All their explantions are not even Making sense sef. Imagine the NNPC spokesperson saying



If subsidy has not been paid to anyone in the last 9 years as they claimed, then what was Tinubu referring to one year ago when he said " Subsidy is gone"?

If it is the system of "shortfall" clearing which they are now explaining , what has changed since the yeye announcement? Omo! These people no rate us at all.They don't even bother to tell convincing lies anymore

liveLongNprospa:


But we consume less PMs now.
That's major factor.

Why are we paying like we consumed the same number of fuel we did during buhari and GEJ?

The maths is not mathin

iamoyindamola:

Because they know there foot soldiers will help with the lies or diversion
And we have short memory in this country

BlueRayDick:


All their explantions are not even Making sense sef. Imagine the NNPC spokesperson saying



If subsidy has not been paid to anyone in the last 9 years as they claimed, then what was Tinubu referring to one year ago when he said " Subsidy is gone"?

If it is the system of "shortfall" clearing which they are now explaining , what has changed since the yeye announcement? Omo! These people no rate us at all.They don't even bother to tell convincing lies anymore

nihilistjnr:



To the people I used to owe money on this forum, you no longer have any debt with me.

At my time of need, na shortfall I collect for your hand, not loan.

Raumdeuter please note that that undertaking I signed was for loan, not shortfall.

izzou:


Exchange rate

BlueRayDick:


All their explantions are not even Making sense sef. Imagine the NNPC spokesperson saying



If subsidy has not been paid to anyone in the last 9 years as they claimed, then what was Tinubu referring to one year ago when he said " Subsidy is gone"?

If it is the system of "shortfall" clearing which they are now explaining , what has changed since the yeye announcement? Omo! These people no rate us at all.They don't even bother to tell convincing lies anymore

Amigoss:
Despite international sanctions, Statistics had shown that the economy under Abacha thrived, but na statistics we go chop?

Could it be because he damned the economic prescription, interference & neo-colonialist overtures of the west something similar to Ghadaffi, though both of them were not perfect,Hmmmmnnn...

Nigeria never recovered from SAP program introduced by Babangida which was the prescription and advise from IMF to woo foreign investors..