Barring any last minute changes, President Muhammadu Buhari will within the next few days officially announce the removal of subsidies in prices of petroleum products, SIGNAL can authoritatively report.

Presidency sources informed about the development told SIGNAL on Saturday that President Buhari has already started consultation with the leadership of the National Assembly and key Labour leaders before the official announcement.

According to the source, “President Buhari has come to terms with the economic challenges associated with government subsidy for petroleum products. The current economic situation of the country, has made it even more imperative to remove subsidy, because it is not sustainable.”

It will be recalled that in July 2015, President Buhari dismissed calls for his government to remove fuel subsidy. According to him, “I have received many literature on the need to remove subsidies, but much of it has no depth”.

http://www.signalng.com/flash-buhari-moves-remove-fuel-subsidy-begins-consultation-nass/

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Amazing..

NNPC would be the preferred destination. Wait and see what's gonna happen to the rest.

The price would remain at N86.50/litre at NNPC after the removal. Wait and see

This is not a good move, especially this period we are experiencing economic meltdown. The price of goods will increase by 100 % if this is implemented.

But when the previous administration removed subsidy they criticized him to stupor. They think governing Nigeria is as easy as chewing gworo. Meanwhile, it baffles me how illegal refinaries can be operated in Nigeria and not a single legal one has been established by any past or present administration.

APC and buhari are all Bunch of hypocrites when the previous administration tried to remove subsidy they insulted and criticized them .

we wont die.we will still be alive to tell the stories of how APC.changed us

My God, now we in for it. Fellow Nigerians pls prepare for the days ahead.

As if things aren't bad enough, now d dullard want to remove fuel subsidy. Buhari shuld be impeached, he has no idea of wot he is doing. He's lost it completely.

A government that has failed "woefully"..

989900:
You can't remove fuel subsidy while importing refined fuel. Fix the refineries first.

GBAM!

You nailed it, nothing more to add.


Subsidy payment is no the problem, for now.

Corruption of using subsidy to loot our wealth is the main issue.

People just "round-trip" and come around to claim subsidy!



Lastpage!

IRserveMyComent:
But when the previous administration removed subsidy they criticized him to stupor. They think governing Nigeria is as easy as chewing gworo. Meanwhile, it baffles me how illegal refinaries can be operated in Nigeria and not a single legal one has been established by any past or present administration.

hmmn!...no mind them

All I know is,what we are experiencing now is
Aftermath of d last regimes lack of foresight.
And to make matters worse,di high handedness of Buhari in solving d issues is not helping.

What a country

No wahala just do the best in the interest of the common Man. We ll survive that I know

We need to change this government because the change they promised has not changed anything from the activities of the previous government we changed.

OKorowanta:
All I know is,what we are experiencing now is
Aftermath of d last regimes lack of foresight.

Even when your girlfriend jilts you, u'll blame it on the previous administration. Receive sense by fire

D kin Thunder wey go fire this government eeeh!.. E dey do press up

Wey dem 'occupy Nigerians' ?

What will NASS say its like Nairaland get plenty threads today unlike sundays as usuall whth scanty and fimsy headlines

THIS APC AND SCAM ARE JUST 5 and 6!!

lilprinze:
APC and buhari are all Bunch of hypocrites when the previous administration tried to remove subsidy they insulted and criticized them .

That is a past...we need to forget about that and rally for the way forward..we shouldn't be pointing accusing fingers now. That can't solve the problems we facing now. Good a.m

newton231:

H

U book a space to quote me and wail by typing 'H'?
Dis is what we call oturugbekeism.
Oya wail..

GOD pls forgive me for ever voting papa buhari , and all those i made to vote for this thing called fulani . apc pls i need my vote back i have be scam

brilliant move, my president!

The problem buhari he's having is that the system has been in existence for a long time and it will be very hard to kill the corruption he intend stopping, the unfortunate part is that , it is we the masses that will be left with hardship, the solution is keep the refineries working and secured not the subsidy. The less he fights the less problem Nigeria will be facing , Thank God I got fuel @ normal price today. Happy sunday sir.

lastpage:


GBAM!

You nailed it, nothing more to add.


Subsidy payment is no the problem, for now.

Corruption of using subsidy to loot our wealth is the main issue.

People just "round-trip" and come around to claim subsidy!



Lastpage!

God will save us from this people