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Nairaland Forum / Nairaland / General / Politics / President Seeks To Cut Fuel Subsidies After Oil Decline (38006 Views)
The Economist On Naija Fuel Subsidies / Ghana Cuts Fuel Subsidies, Fuel Rises To N184 Per Litre / Okonjo-iweala Announces Fuel Subsidies Will Be Removed - GEJ Please Sack Her Now (2) (3) (4)
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Re: President Seeks To Cut Fuel Subsidies After Oil Decline by Whizkay(m): 8:17am On Nov 21, 2014 |
It is not his fault that oil prices are dropping, but then- we all saw it coming and if this is the best plan he had in mind all this while, it simply shows him and his cabinet's lack of foresight.. He must GO! 6 Likes |
Re: President Seeks To Cut Fuel Subsidies After Oil Decline by legendsilver(m): 8:18am On Nov 21, 2014 |
Collynzo9:Are you a Nigerian=? Do you live in Nigeria=? If yes, then you shld have known by now, that the Law of gravity don't work in Nigeria. Its always what goes up will remain up and keep rising up from generations to generations. ![]() 6 Likes |
Re: President Seeks To Cut Fuel Subsidies After Oil Decline by Nobody: 8:18am On Nov 21, 2014 |
berem: Politically brainless! All your interest lies in your pay masters filling the post which isn't even vacant. Now, what will they do differently? Back to op, so we're going to buy fuel at about 150per litre while some idiots fill their pockets? That's nasty! |
Re: President Seeks To Cut Fuel Subsidies After Oil Decline by Nobody: 8:19am On Nov 21, 2014 |
APContherun:what do you mean it won't work ... Please talk like you educated, if it can't work for private folks how can it work for dangote who wants to build from scratch. Has the import in fuel increased so bad for it to we avian increase in the first place. If the president cannot say no the cabals, then be should resign.the truth is there has never been any subsidy. It is the usual word put up to loot funds. 2 Likes |
Re: President Seeks To Cut Fuel Subsidies After Oil Decline by legendsilver(m): 8:20am On Nov 21, 2014 |
Too much intake of sapele water has derail the reasoning of the man from Otuoke 3 Likes
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Re: President Seeks To Cut Fuel Subsidies After Oil Decline by Nobody: 8:20am On Nov 21, 2014 |
jaybiz007:. Realistically, whoever becomes president will do same. I do respeft GEJ, only a courageous man will say stuffs like this 3months to elections, I think he really wanna do well. The APC will promise heaven and hell until they get in |
Re: President Seeks To Cut Fuel Subsidies After Oil Decline by redcliff: 8:20am On Nov 21, 2014 |
berem: I wish he can do this before the presidential elections. It would only confirm buhari's victory. |
Re: President Seeks To Cut Fuel Subsidies After Oil Decline by Nobody: 8:20am On Nov 21, 2014 |
cramjones: Cronies? Unsubstantiated lies; you're older that this. |
Re: President Seeks To Cut Fuel Subsidies After Oil Decline by texazzpete(m): 8:20am On Nov 21, 2014 |
signz: I'm not sure why people express opinions like this one above, but it drives me nuts. Do you even know ANYTHING about the process they use for these illegal refineries? Do you know how they get the stolen crude they use? ![]() Do you have any idea how hazardous it is to refine crude in this manner? How damaging it is to the environment? The damage to the workers? The people that die in the process? The massive oil leaks that result from this process? ![]() There's a reason why standard refineries are very expensive to build, and require a focus on safety to run successfully. Please NEVER try to short-circuit good things...that always leads to disaster. 7 Likes |
Re: President Seeks To Cut Fuel Subsidies After Oil Decline by Nobody: 8:21am On Nov 21, 2014 |
Austerity measures in gear 1 The taskmaster is at his best decision again for the masses! |
Re: President Seeks To Cut Fuel Subsidies After Oil Decline by AZeD1(m): 8:22am On Nov 21, 2014 |
Oil prices have dropped by about 30% Price of PMS has also dropped in countries were we import from therefore subsidy paid since the decline of oil prices should have also dropped since the price of PMS has stayed the same in Nigeria. |
Re: President Seeks To Cut Fuel Subsidies After Oil Decline by Nobody: 8:23am On Nov 21, 2014 |
IBROHIM:he is the regular folk that needs slaps to bring his senses back. 2 Likes |
Re: President Seeks To Cut Fuel Subsidies After Oil Decline by Whynotthetruth(m): 8:24am On Nov 21, 2014 |
cramjones: Don't you think you are the slowpoke? Why leave the substance of the message to crucify the messenger even when the messenger has good intents and seems far better than you;his critic... 1 Like |
Re: President Seeks To Cut Fuel Subsidies After Oil Decline by enixtest: 8:24am On Nov 21, 2014 |
I believe my God will intervane |
Re: President Seeks To Cut Fuel Subsidies After Oil Decline by nnamdibig(m): 8:24am On Nov 21, 2014 |
Collynzo9: Using insults as a means to express your feelings............ Smh |
Re: President Seeks To Cut Fuel Subsidies After Oil Decline by micolaj: 8:24am On Nov 21, 2014 |
THUNDER4real:You know the RIGHT CHOICE, but sentiment and hypocrisy has clouded your reasoning. You are more dangerous than evil itself.I pity those people, who bank on you as an ADVISER. 1 Like |
Re: President Seeks To Cut Fuel Subsidies After Oil Decline by Nobody: 8:25am On Nov 21, 2014 |
Collynzo9:cost of import goes up. The Nara is falling against the dollar. It don't work the way you thinking. It is inversely proportional. 1 Like |
Re: President Seeks To Cut Fuel Subsidies After Oil Decline by Collynzo9: 8:25am On Nov 21, 2014 |
The reason why politicians continue to trample on Nigerians is that many (if not most) of us are incredibly daft! You complain when you are not supposed to and keep quiet when you are supposed to be complaining. Let us say we and other oil exporting countries were exporting crude oil at 5000 Naira per barrel and we import back its refined products like Petrol for N150 per litre and the government spends N50 to subsidize each litter of petrol to N100, then crude oil prices suddenly crashed, we now export at 4000 Naira per barrel and import petrol at N125 per litre, should the government be spending the same N50 to subsidize a litre to N100? Can you now see that the President is cutting off an avenue for easy siphoning of billions of Naira? I say ''easy'' because it seems most of you would never have figured it out. SMDH! 1 Like |
Re: President Seeks To Cut Fuel Subsidies After Oil Decline by akpanikpe(m): 8:26am On Nov 21, 2014 |
My Cunfused country, I hail thee. 1 Like |
Re: President Seeks To Cut Fuel Subsidies After Oil Decline by jcflex(m): 8:26am On Nov 21, 2014 |
my pple in as much as I dnt wnt GEJ to come back in 2015, pls removing subsidy will benefit all of us on the long run, but this timing is too short, they should just make it middle of 2015. from now till then, enlightenment should go on around the whole country, from jingle to advert on newspaper, for we the masses to know better, on the immediate effect and the long term gain of the removal. nw just for them to wake up this morning and tell us they will remove it tomoro. it totally a misplace priority. 1 Like |
Re: President Seeks To Cut Fuel Subsidies After Oil Decline by ameer2: 8:27am On Nov 21, 2014 |
Dis clueless president again looking 4 a cheap way to get funds for campaign. . .gosh.There was a country. 4 Likes |
Re: President Seeks To Cut Fuel Subsidies After Oil Decline by scosco1: 8:27am On Nov 21, 2014 |
I think if subsidy will be completely removed then we should have nothing to fear because of the fall in pricing of Crude in the world market,but that I know can never happen . Kerosene is subsidized,petrol is not completely subsidized,diesel for a long whle is no longer subsidized , for diesel we are been made to understand that it goes hand in hand with the world market price so if there is a rise in Oil pricing diesel retail price soars but now there is a continous decline and no agency or Oil marketer has made any move to reduce price of diesel ...so with decline of crude pricing,removal of subsidy we should expect reduction of petroleum pump price ! Afterall when market forces are in good play price falls ... aπϑ literally we should expect thesame fall in our local pump price . Except there is more theories that we should expect τ̲̅ȍ get from our govt ! |
Re: President Seeks To Cut Fuel Subsidies After Oil Decline by Nobody: 8:27am On Nov 21, 2014 |
Lurcky:that's not the way to curb corruption. If you can't say NO to the cabals , then be sure they will device another means. If you take what a thief steals , won't he find something else to steal. Can't you think. Is it not best the thief is brought to justice. Why does this government treat theft like it is no crime. 3 Likes |
Re: President Seeks To Cut Fuel Subsidies After Oil Decline by IBROHIM: 8:28am On Nov 21, 2014 |
Nobleval:. God bless you my brother! I keep saying one thing, if not for the insanity of our leaders (pardon me pls na anger) we are supposed to have hundreds of refineries in this country for the sole purpose of job creation and employment generation! The excess over local consumption would be sold in to African countries without oil thereby earning revenue and strengthening our naira! 7 Likes 1 Share |
Re: President Seeks To Cut Fuel Subsidies After Oil Decline by Gistdutch: 8:28am On Nov 21, 2014 |
Fuel subsidy removal,Devalution of Naira,Tax increament,PHCN tariff increament,Kerosene subsidy removal & VAT increament in a country where minimum wage is 18000naira.I hope those supporting this knows the implication. Why is the refinery not fixed since all this days ? OH LORD HEAL OUR LAND AND GIVE US GOD FEARING LEADERS. IJN 8 Likes |
Re: President Seeks To Cut Fuel Subsidies After Oil Decline by Collynzo9: 8:28am On Nov 21, 2014 |
majekdom2:The cost of importing it has not gone up, it went down along with the falling oil prices. The fall of Naira is much smaller than the fall on oil prices. |
Re: President Seeks To Cut Fuel Subsidies After Oil Decline by Whynotthetruth(m): 8:28am On Nov 21, 2014 |
legendsilver: if what you said is true...how come recently the price of cement is coming down? 1 Like |
Re: President Seeks To Cut Fuel Subsidies After Oil Decline by Nobody: 8:29am On Nov 21, 2014 |
APContherun:you know nothing about fuel subsidy. Have you bothered to ask how much it costs to build a refinery? If truly we must go with the assertion that public owned investment and properties are not properly maintained and managed, my question is what prevents the govt from building refineries and selling them off to private investors who can manage them efficiently? Or does it take a century to build one? Why is everything about us so different? GEJ is not the messiah u think he's. 4 Likes |
Re: President Seeks To Cut Fuel Subsidies After Oil Decline by Ajascolove(m): 8:29am On Nov 21, 2014 |
Jona na wa o. You can't earn my vote again o. 2 Likes |
Re: President Seeks To Cut Fuel Subsidies After Oil Decline by Nobody: 8:29am On Nov 21, 2014 |
IBROHIM:you listening to him, low mentality. A boss knows people steal under him and he can't bring them to order. Is he not because he is part of them. 5 Likes |
Re: President Seeks To Cut Fuel Subsidies After Oil Decline by Collynzo9: 8:29am On Nov 21, 2014 |
legendsilver:That is your opinion. |
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