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Nairaland Forum / Nairaland / General / Politics / President Seeks To Cut Fuel Subsidies After Oil Decline (38009 Views)
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Re: President Seeks To Cut Fuel Subsidies After Oil Decline by nnamdibig(m): 8:03am On Nov 21, 2014 |
Oil price is falling in the international market and Nigeria who happens to be producing a large quantity of the oil will start paying more for it. What a country. 1 Like |
Re: President Seeks To Cut Fuel Subsidies After Oil Decline by signz: 8:04am On Nov 21, 2014 |
We've been expecting it. I don't know if this is true but I heard that it's illegal to operate a mini modular refinery in nigeria. If true, that law should be repealed immediately and people can get licences to build import/build mini modular refineries. We can't afford to wait till Dangote finishes his refinery in 2018. Our currency will appreciate if we start refining our oil. Does Diezani Madueke have a twitter account ![]() 7 Likes |
Re: President Seeks To Cut Fuel Subsidies After Oil Decline by don33310(m): 8:04am On Nov 21, 2014 |
dhammyg:You just spoke my mind 8 Likes |
Re: President Seeks To Cut Fuel Subsidies After Oil Decline by Nobody: 8:05am On Nov 21, 2014 |
nnamdibig: We are also importing a large amount of refined oil for domestic consumption...which is a part of the reason why prices will shoot up. |
Re: President Seeks To Cut Fuel Subsidies After Oil Decline by heykims(m): 8:05am On Nov 21, 2014 |
dem no born an well make he commot subsidy before next election. Of course it's very sure e go remove am if he wins d election. Jonathan go surely enta one of d two in 2015: Aso Rock or Kirikiri... 7 Likes |
Re: President Seeks To Cut Fuel Subsidies After Oil Decline by duni04(m): 8:05am On Nov 21, 2014 |
Its not rocket science, subsidy will definitely go next year. Our reserves are declining, oil price is falling, and we'll be spending a lot on defence and the elections next year. Something's gotta give. 1 Like |
Re: President Seeks To Cut Fuel Subsidies After Oil Decline by Nobody: 8:05am On Nov 21, 2014 |
Ok...with this Jonathan is going finally. Hope it starts in February ![]() 9 Likes |
Re: President Seeks To Cut Fuel Subsidies After Oil Decline by texazzpete(m): 8:06am On Nov 21, 2014 |
There's a special place in hell for those m0r0ns who think the fuel price hike from the removal of fuel subsidy payments will be 'temporary' and that prices 'will be driven down eventually due to market forces'. It take a special case of treachery to support fuel subsidy removal, perhaps one of the few things that the ordinary Nigerian enjoys from their corrupt leadership. The question we should be asking is why we can be swayed to vote for someone who cannot end the subsidy frauds, and why subsidy payments keep going up despite the partial removal which should have seen the payments drop significantly. Neither GEJ or Okonjo Iweala have been able to come up with empirical reasons why subsidy payments are drastically on the rise again. It's not like our population has exponentially increased or the absolutely number of cars in Nigeria has been raised dramatically. Govt claims that more and more people enjoy better power, so we expect a commensurate drop in amount of fuel being used in Generators. 18 Likes |
Re: President Seeks To Cut Fuel Subsidies After Oil Decline by Nobody: 8:06am On Nov 21, 2014 |
An oil producing giant talking about fuel subsidy whilst others are talking about refineries! Shame! This is the height of insanity. 11 Likes |
Re: President Seeks To Cut Fuel Subsidies After Oil Decline by duni04(m): 8:07am On Nov 21, 2014 |
nnamdibig:Yea its a morally wrong time to remove the subsidy |
Re: President Seeks To Cut Fuel Subsidies After Oil Decline by Nobody: 8:08am On Nov 21, 2014 |
Vote for this president and ur life will remain the same till 2019. 9 Likes |
Re: President Seeks To Cut Fuel Subsidies After Oil Decline by THUNDER4real(m): 8:08am On Nov 21, 2014 |
dhammyg:Give me a better choice and dat person has my vote. |
Re: President Seeks To Cut Fuel Subsidies After Oil Decline by Nobody: 8:08am On Nov 21, 2014 |
majekdom2:The govt has no business running those buinesses, the best is to create an environment conducive and favourable for the private sector to invest and you know that won't happen in a regulated and subidized economy. That's the simple truth. I have been against subsidy even right from OBJ time, it doesn't help the economy grow and as we know it has bocome a conduit pipe for corruption. masonkz:[quote author=masonkz post=28210580] SURE-P is working. |
Re: President Seeks To Cut Fuel Subsidies After Oil Decline by ypzilanti: 8:09am On Nov 21, 2014 |
Austerity measure for the poor once again. Sell off some of the private jets. Reduce aso rock budget. Reduce aides and special advisers. Curb waste at federal level. Not going to happen while nigerians chose to vote a " christian " president who does not behave like our Lord Jesus but prays all the time in public with cameras snapping like the pharasees did . Gullible masses. 16 Likes |
Re: President Seeks To Cut Fuel Subsidies After Oil Decline by Nobody: 8:09am On Nov 21, 2014 |
citizenisb: If i hear say dem wan use am build refinery! All the ones wey dem don dey remove since, how many are we accountable to? Just another dimension to further thief the national cake. 3 Likes |
Re: President Seeks To Cut Fuel Subsidies After Oil Decline by GogetterMD(m): 8:11am On Nov 21, 2014 |
APContherun:Really? What happened to the prosecution of those that were found guilty? What major impact has the SURE-P funds saved from the initial subsidy cut in 2012 had on the economy? What has happened to making the existing refineries functional and building new ones? Minister for economy(Iwaela) keeps talking about austerity measures when the salaries and allowances of out legislature and executive remains the same exuberant payments and fattening bank accounts 1 Like |
Re: President Seeks To Cut Fuel Subsidies After Oil Decline by Kx: 8:11am On Nov 21, 2014 |
Its clear in your eyes, what else do u need to show him the water logged potopoto road to Otueke? 1 Like |
Re: President Seeks To Cut Fuel Subsidies After Oil Decline by IBROHIM: 8:12am On Nov 21, 2014 |
APContherun:why are we like this? We are supposed to be smarter than this! Is subsidy illegal? Why not sanitise the subsidy regime and make sure money is released to only genuine importers? Why give money to thieves and come back to ask the masses to pay? Who controls the agencies responsible for the verification? How many oil producing nations don't subsidise their products? Why is the government acting saint now that money is dropping! If they had increased the refining capacity, we would have been making money from refined products by now! Why do you defend what is not defendable! 4 Likes |
Re: President Seeks To Cut Fuel Subsidies After Oil Decline by mcdokwe(m): 8:12am On Nov 21, 2014 |
Any government that would remove the only thing the masses can be said to "benefit" from should be removed first. 8 Likes |
Re: President Seeks To Cut Fuel Subsidies After Oil Decline by Collynzo9: 8:12am On Nov 21, 2014 |
I don't think this will lead to an increase in the cost of fuel as some people are saying. Crude oil prices have fallen, our cost of importing petroleum products will fall along with it, the cost of subsidisng those products have no choice but to fall too. |
Re: President Seeks To Cut Fuel Subsidies After Oil Decline by legendsilver(m): 8:12am On Nov 21, 2014 |
The END of Nigeria by Nigerians is near 3 Likes |
Re: President Seeks To Cut Fuel Subsidies After Oil Decline by OnyeEgo1(m): 8:13am On Nov 21, 2014 |
My hatred for Jonathan is growing day by day with each news 11 Likes |
Re: President Seeks To Cut Fuel Subsidies After Oil Decline by Lurcky(m): 8:13am On Nov 21, 2014 |
idupaul: Guy you won't understand what's going on. Let the subsidy be removed so there will be absolutely no excuse for looting or any corrupt practices in the govt system. If you read well and understand more you will see that the money spent on this subsidy of a thing is enough to create jobs for a million people fairly. |
Re: President Seeks To Cut Fuel Subsidies After Oil Decline by nnamdibig(m): 8:13am On Nov 21, 2014 |
bushdoc9919: And the masses will suffer for the govt inability to provide a functional refinery in the country?? The easiest thing a govt can do for the people is to make them enjoy what they have in abundance and in my opinion any govt who can't do that has failed and should go. Bokina faso in my mind. 4 Likes |
Re: President Seeks To Cut Fuel Subsidies After Oil Decline by Lurcky(m): 8:15am On Nov 21, 2014 |
OnyeEgo1: Easy man, else that hatred may increase your headache and blood pressure. |
Re: President Seeks To Cut Fuel Subsidies After Oil Decline by Nobody: 8:15am On Nov 21, 2014 |
APContherun: If i hear say "in the long run". The ones they've been removing, what are the effects we've seen in the society to the benefit of the masses? 4 Likes |
Re: President Seeks To Cut Fuel Subsidies After Oil Decline by chamboy(m): 8:15am On Nov 21, 2014 |
D subsidy removal is for Transformation na sorry Transform Agenda of Nigeria. TAN d jonathan marketers |
Re: President Seeks To Cut Fuel Subsidies After Oil Decline by IBROHIM: 8:15am On Nov 21, 2014 |
APContherun:so to you now Jonathan is not among your idea of they! 3 Likes |
Re: President Seeks To Cut Fuel Subsidies After Oil Decline by Collynzo9: 8:15am On Nov 21, 2014 |
nnamdibig:If oil price is falling, isn't our cost of importing its refined products and subsidising them supposed to fall too? I wonder the kind of schools you guys went to. The prices of petrol will remain the same. 1 Like |
Re: President Seeks To Cut Fuel Subsidies After Oil Decline by pekeyim: 8:16am On Nov 21, 2014 |
cramjones: Thank God for the internet, where you can be faceless. Try this on the streets and you'll find out where you'll end up. Cramdones!!! |
Re: President Seeks To Cut Fuel Subsidies After Oil Decline by cirmuell(m): 8:17am On Nov 21, 2014 |
He probably wants to go home before his tenure ends...long run ko...over run ni. |
Re: President Seeks To Cut Fuel Subsidies After Oil Decline by nnamdibig(m): 8:17am On Nov 21, 2014 |
duni04:50% of the subsidy was removed 2 yrs ago, where is the money ![]() 1 Like |
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