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Nairaland Forum / Nairaland / General / Politics / Buhari Moves To Remove Fuel Subsidy, Begins Consultation With NASS (21953 Views)
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Buhari Moves To Remove Fuel Subsidy, Begins Consultation With NASS by VillageParrot: 8:46pm On May 07, 2016 |
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/ 3 Likes 1 Share |
Re: Buhari Moves To Remove Fuel Subsidy, Begins Consultation With NASS by 989900: 8:50pm On May 07, 2016 |
You can't remove fuel subsidy while importing refined fuel. Fix the refineries first. The cost of purchase of PMS we import per litre plus shipping before adding other over 15 other charges is N78/litre. Meaning, if we are refining our fuel by ourselves at present average of $45/barrel of crude, far less than N86/litre is doable in-lieu of the present roughly N98/litre total (of which the goverment pays subsidy). And with a stronger Naira that working refineries could breeed, (say N160 to a $) pump prices less than N55/litre is quite doable without subsidy @ $45/barrel of crude. 46 Likes 2 Shares |
Re: Buhari Moves To Remove Fuel Subsidy, Begins Consultation With NASS by Nobody: 9:03pm On May 07, 2016 |
, |
Re: Buhari Moves To Remove Fuel Subsidy, Begins Consultation With NASS by Nobody: 9:04pm On May 07, 2016 |
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 4 Likes |
Re: Buhari Moves To Remove Fuel Subsidy, Begins Consultation With NASS by hammak1993(m): 9:17pm On May 07, 2016 |
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. 12 Likes 1 Share |
Re: Buhari Moves To Remove Fuel Subsidy, Begins Consultation With NASS by IRserveMyComent(f): 9:42pm On May 07, 2016 |
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. 85 Likes 5 Shares |
Re: Buhari Moves To Remove Fuel Subsidy, Begins Consultation With NASS by lilprinze: 9:52pm On May 07, 2016 |
APC and buhari are all Bunch of hypocrites when the previous administration tried to remove subsidy they insulted and criticized them . 40 Likes 1 Share |
Re: Buhari Moves To Remove Fuel Subsidy, Begins Consultation With NASS by DeWisedon(m): 10:16pm On May 07, 2016 |
we wont die.we will still be alive to tell the stories of how APC.changed us 23 Likes |
Re: Buhari Moves To Remove Fuel Subsidy, Begins Consultation With NASS by SweetBoyFriend(m): 8:37am On May 08, 2016 |
The same fuccking subsidy Goodluck Jonathan was blasted and criticized of 23 Likes 2 Shares |
Re: Buhari Moves To Remove Fuel Subsidy, Begins Consultation With NASS by frankobaba(m): 8:37am On May 08, 2016 |
The Magician is here again. For Fu*k sake, fix the damnnnn refineries Mr Buhari. Legalise, Certify and regulate the small scale refineries currently hiding in the creeks. They can aid local consumption. Brace yourselves Nigeria... Another Wave is coming. 9 Likes
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Re: Buhari Moves To Remove Fuel Subsidy, Begins Consultation With NASS by newton231(m): 8:37am On May 08, 2016 |
My God, now we in for it. Fellow Nigerians pls prepare for the days ahead. 4 Likes |
Re: Buhari Moves To Remove Fuel Subsidy, Begins Consultation With NASS by Nobody: 8:37am On May 08, 2016 |
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. 9 Likes |
Re: Buhari Moves To Remove Fuel Subsidy, Begins Consultation With NASS by Nobody: 8:38am On May 08, 2016 |
A government that has failed "woefully".. ![]() 4 Likes |
Re: Buhari Moves To Remove Fuel Subsidy, Begins Consultation With NASS by lastpage: 8:39am On May 08, 2016 |
989900: 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! 8 Likes 1 Share |
Re: Buhari Moves To Remove Fuel Subsidy, Begins Consultation With NASS by Leke001: 8:40am On May 08, 2016 |
IRserveMyComent: hmmn!...no mind them 2 Likes |
Re: Buhari Moves To Remove Fuel Subsidy, Begins Consultation With NASS by OKorowanta: 8:40am On May 08, 2016 |
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. 1 Like |
Re: Buhari Moves To Remove Fuel Subsidy, Begins Consultation With NASS by Nobody: 8:40am On May 08, 2016 |
What a country ![]() 4 Likes |
Re: Buhari Moves To Remove Fuel Subsidy, Begins Consultation With NASS by Femich18(m): 8:41am On May 08, 2016 |
No wahala just do the best in the interest of the common Man. We ll survive that I know 1 Like |
Re: Buhari Moves To Remove Fuel Subsidy, Begins Consultation With NASS by Icecomrade: 8:42am On May 08, 2016 |
Is this government still paying subsidy? I thought Buhari said there was nothing like subsidy. Subsidy was simple fraud In his Aboki voice he once asked "Who is subsidising who" My major problem with this Buhari is not about his illiteracy but lack of common wisdom. He is just a toy certain set of people play around with. One set tells him subsidy does not exist today he believes and runs his mouth. Tommorrow another set tells him exist and tells him to remove it, he accepts and the next day back to the media. Just counting down on the expiration date of this cursed government. 10 Likes |
Re: Buhari Moves To Remove Fuel Subsidy, Begins Consultation With NASS by thunder74(m): 8:42am On May 08, 2016 |
We need to change this government because the change they promised has not changed anything from the activities of the previous government we changed. 10 Likes 1 Share |
Re: Buhari Moves To Remove Fuel Subsidy, Begins Consultation With NASS by newton231(m): 8:42am On May 08, 2016 |
OKorowanta:Even when your girlfriend jilts you, u'll blame it on the previous administration. Receive sense by fire 22 Likes 1 Share |
Re: Buhari Moves To Remove Fuel Subsidy, Begins Consultation With NASS by bengems(m): 8:42am On May 08, 2016 |
D kin Thunder wey go fire this government eeeh!.. E dey do press up 1 Like |
Re: Buhari Moves To Remove Fuel Subsidy, Begins Consultation With NASS by Nairastake: 8:42am On May 08, 2016 |
Wey dem 'occupy Nigerians' ? 6 Likes |
Re: Buhari Moves To Remove Fuel Subsidy, Begins Consultation With NASS by canalily(m): 8:43am On May 08, 2016 |
What will NASS say ![]() |
Re: Buhari Moves To Remove Fuel Subsidy, Begins Consultation With NASS by emmalexabl(m): 8:43am On May 08, 2016 |
THIS APC AND SCAM ARE JUST 5 and 6!! 12 Likes 1 Share
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Re: Buhari Moves To Remove Fuel Subsidy, Begins Consultation With NASS by Femich18(m): 8:43am On May 08, 2016 |
lilprinze: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 3 Likes |
Re: Buhari Moves To Remove Fuel Subsidy, Begins Consultation With NASS by OKorowanta: 8:44am On May 08, 2016 |
newton231: U book a space to quote me and wail by typing 'H'? Dis is what we call oturugbekeism. ![]() Oya wail.. 1 Like |
Re: Buhari Moves To Remove Fuel Subsidy, Begins Consultation With NASS by Icecomrade: 8:44am On May 08, 2016 |
989900: You shouldn't be saying that to an illiterate. It won't make meaning to him 3 Likes |
Re: Buhari Moves To Remove Fuel Subsidy, Begins Consultation With NASS by urbobo20(m): 8:44am On May 08, 2016 |
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 10 Likes |
Re: Buhari Moves To Remove Fuel Subsidy, Begins Consultation With NASS by citimartmag: 8:45am On May 08, 2016 |
brilliant move, my president! 1 Like |
Re: Buhari Moves To Remove Fuel Subsidy, Begins Consultation With NASS by Nobody: 8:45am On May 08, 2016 |
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: 1 Like |
Re: Buhari Moves To Remove Fuel Subsidy, Begins Consultation With NASS by Stancity(m): 8:46am On May 08, 2016 |
God will save us from this people 2 Likes
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