LordAdam:


You'd run mad by the end of this week if I'm not Igbo. Rephrase your sentence like a normal person and maybe I'd consider giving it a proper reply.

-Lord

LordAdam:
modath, Keyamo et al will soon come and tell us that it is not subsidy, it is recovery. After claiming in 2015 that there is nothing like subsidy and cost of fuel should be N40.

That's how only two people (plus Mr Integrity) are sitting on top of 1.4 trillion naira annual expenditure with zero transparency. Money that isn't even inside the N8 trillion budget. If they are not stealing money, why are they covering it?

When Atiku wins, Baru will go on exile. Corrupt hypocrites.

-Lord

Racoon:

Subsidy under-recovery? Unaccounted funds not included in the budget Unimaginable corruption is still ongoing in the NNPC.Nigeria is doomed.Atiku/Obi.

theoldpretender:


I don't know why you Nigerians keep on allwing yourselves to be decieved.

Yes, the government claimed subsidy was removed....except that they were STILL setting the prices.

If subsidy had been removed, the price setting would not have been in the hands of government....it would have been in the hands of the independent marketers.....meaning fuel would have been costing N200 per liter and above by now.

The thing is, the reason why APC is still payign subsidy, and why Atiku will still pay subsidy, and keep on paying it...is because Nigerians don't want high fuel prices. They would rather keep the subsidy corruption monster alive in return for low oil prices.

Some of you people even want Bubu to make it N87 per liter again.

So stop screaming about corruption....because you Nigerians dont want the solution. You want cheap fuel....so keep on paying for cheap fuel.

APC and PDP are just lying to us...and we are buying it because we hate the bitter truth. We need to deregulate...and we should have done so since 1992!

Racoon:

Subsidy under-recovery? Unaccounted funds not included in the budget Unimaginable corruption is still ongoing in the NNPC.Nigeria is doomed.Atiku/Obi.

gratiaeo:

That is not what Buhari told Nigeria when he increased fuel price

front4line:


Why not wait for the report to come out before you Igbo start exhibiting the disdain bigotry n hate your forefathers are well renowned for.

You mean he should have left those Jonathan we’re paying billions to bring empty vessels ba ?
I mean are you Igbos cursed or what ?
One must have ask because I do not just understand.

I don't blame you Sai Bavarian of 97% vs 5%, baboons and dogs blood. You want to wait for a doctored report, while the Senate has already informed you that NNPC shied away from submitting their subsidies budget, you are a hypocrite.

front4line:


Why not wait for the report to come out before you Igbo start exhibiting the disdain bigotry n hate your forefathers are well renowned for.

You mean he should have left those Jonathan we’re paying billions to bring empty vessels ba ?
I mean are you Igbos cursed or what ?
One must have ask because I do not just understand.

front4line:


Why not wait for the report to come out before you Igbo start exhibiting the disdain bigotry n hate your forefathers are well renowned for.

You mean he should have left those Jonathan we’re paying billions to bring empty vessels ba ?
I mean are you Igbos cursed or what ?
One must have ask because I do not just understand.

post=72147551:
The thieves are back

theoldpretender:


I don't know why you Nigerians keep on allwing yourselves to be decieved.

Yes, the government claimed subsidy was removed....except that they were STILL setting the prices.

If subsidy had been removed, the price setting would not have been in the hands of government....it would have been in the hands of the independent marketers.....meaning fuel would have been costing N200 per liter and above by now.

The thing is, the reason why APC is still payign subsidy, and why Atiku will still pay subsidy, and keep on paying it...is because Nigerians don't want high fuel prices. They would rather keep the subsidy corruption monster alive in return for low oil prices.

Some of you people even want Bubu to make it N87 per liter again.

So stop screaming about corruption....because you Nigerians dont want the solution. You want cheap fuel....so keep on paying for cheap fuel.

APC and PDP are just lying to us...and we are buying it because we hate the bitter truth. We need to deregulate...and we should have done so since 1992!

Nbote:
Hehehehe... Can someone please explain to me why we are still talking about subsidy under dis Govt?? Why is it even up for debate considering we were all told it was a scam and have been removed??



Dis ryt here proves d thieves in power simply sidelined those in d business of importing fuel and took over d business demselves while claiming to have put a stop to d same business of subsidy claims...

AtikuDeman:

Shut up, Buhari said he doesn't know what subsidy means yet increased fuel price times 2 and still continued subsidy payment. Why was the pump price increased and where's the money going to? Buhari is a hardened criminal, he should not just be returned back to daura but also thrown into jail. Atiku is the man

Jolar101:


See how these zoo lazy youths and their lazy criminals in power planning on how to use Biafra resources.

This Biafrans rain must reach everyone roofs at the appropriate time.

No referendum There will be No Nigeria.

thesolutions:

Exactly. The minister of Petroleum, Buhari and NNPC counterparts are the sole importer of petroleum products to avoid paying subsidy to marketers.

They fixed the price of fuel at 145 naira when the actual cost was less than 40 naira per liter when the crude oil price fell to 38 dollar per barrel. Now the price of crude oil has skyrocketed to 80 dollar per barrel, we will start hearing of subsidy.

ijustdey:








http://thenationonlineng.net/drama-in-senate-over-3-8bn-subsidy-fund/


It is well in this country.

theoldpretender:


True because when Bubu took power, he inherited debts from the GEJ admin to the tune of billions of naira in unpaid subsidy claims. If GEJ could not afford to pay,....where was Bubu going to get the money to pay atlower oil price...?

(See why GEJ wanted to remove subsidy...even if partially in 2012....the signs were there).

1.Can we have sone actual sources of this your information? I know APC lies....but when PDP lies...pot meet kettle.

2.Landing costs of fuel were at N132 by 2015...up from N95 in 2012.Add the fact that we import MOST of the fuel we use in this country...and you can see the problem.(And even if all our refineries got fixed...we would need to STILL IMPORT 30-70MILLION liters of fuel a day.)

3.We have been facing an oil shock since 2014...and our reserves were at a low of $32 bn when Bubu took over..and fell to $28bn by 2016 begining...plus the low oil prices...meant that we did not have the forex to buffer the naira...hence costs went up. Including the cost of impriting fuel...since we now needed more naira to buy one dollar.

4.What Bubu did in 2015...was partial removal of subsidy (It was not remoival of subsidy despite what APC spin docs want to tell you)....and as a result....things calmed down....but the landing costs of fuel increased.....to N180 per liter.

5.So subsidy has to go. We need oil at $140 per barrel to have a balanced budget. Oil is at $80 now. We don't have the resources. And even if Dangote comes on stream...Dangote still has loans to pay..so prices will be high.

theoldpretender:
Hmmm

All this problem with subsidy will dissapear if DEREGULATION happens.

With deregulation, there would be no more free money for subsidy. The money can go into other things like education, railways,power etc.

More investment would flow into the Petroleum sector...and we can finally end the corruption monster in the NNPC.

But because Nigerians, including those who cry out about subsidy scam....DONT WANT TO PAY N200 and above per liter for PMS....we have to keep on feeding the corruption monster that is the NNPC subsidy game.

End this subsidy thing now.