NaijaRoyalty:
Ghana must go don exchange hands

FG: We don't have money for faaji this year, CBN governor what do we do?
CBN Guvnor: Let us implement the following policies ABC which are very people-unfriendly but DE will kill them
FG: No let us go ahead and implement ABCDE what is the worse that can happen
LABOUR: We no go gree oh weno go gree. ABCDE must go!
FG: Okay let us settle for ABC
LABOUR: ok, back to the trenches with our alomo bitters
FG: Haaahhahahahahahahahaha CBN Guvnoooor! faaji continues
CBN Guvnor: $$$ don enter setting oooh
De Masses: We shall overcooooome

anonimi:



www.nairaland.com/attachments/3728499_AllPromisesCancelled_jpg89ed1ecd0d31b620afb2bf7d8bea1cd8

You are very funny.I couldn't hold my laughter

bluefilm:


Don't mind them

They just like to wail.

I bet some of them didn't even read before jumping in to comment, or they read but they couldn't understand shit on what the topic is all about.

100% spot on, boss..

Godkillbuhari:
Na this trend dem go see you and that dead meat seller .. Millibbqq.. we no gree see una comment when our securities operatives were killed few days back .... Na Ogun go kill you , kill Buhari and your generations to come ..... quote me and die like ABBA KYARI

Boss, our security now is 100% better than how it was during the PDP disastrous era..

That doesn't mean there are no pockets of minor security issues here and there. Please let's be appreciative.

Golan007:


They want anarchy.

They need the place to burn down so everyone would be like them.

That's too bad, boss. God won't let that happen. Those haters and enemies of Nigeria will not succeed. Amen

FarahAideed:
I warned y'all that NLC was in it for their pocket and I have been vindicated ..Even after the announcement your electricity tarrif willl still be high ....Well it seems the new Tarriff is working because for the first time since Buhari came I have more than 16 hours daily and it has save me so much on Diesel

So if the tarrif works and actuly saves you diesel, why would you complain about it.

Most people commenting here have generator, even if it is as small as I pass my neighbour. The cost per kwh of electricity from my gen is about N160 per kwh and it still might not carry everything. If i substitute that for public power at N60 I am still saving money.

anonimi:



www.nairaland.com/attachments/3073565_ctuafvju8aakuv5_jpeg49a942de8e3d1d388856e63d96b767a5





www.nairaland.com/attachments/6357739_img20171202120050_jpeg6ecfd3f82fd9c8a51481d8dcf4a16a70

God help una

COMPAQ:


So if the tarrif works and actuly saves you diesel, why would you complain about it.

Most people commenting here have generator, even if it is as small as I pass my neighbour. The cost per kwh of electricity from my gen is about N160 per kwh and it still might not carry everything. If i substitute that for public power at N60 I am still saving money.

Well I criticised the new Tarriff Because I didn't trust that PHCHN will live up to their words of better power supply and there will be no way to call them to order ..I am on band A Tarriff and so far the light has improved and I can see the savings already because I my house runs gen when ever the Electricity goes off and we are home .... I the DISCOS keep to their word then there is no need to revert the tarriffs

The problem is whether they will keep the tempo or even improve on giving us 24/7 light like other African country. And with estimated billing to continue, likely they will revert back to old days with you paying three times the bill.

FarahAideed:


Well I criticised the new Tarriff Because I didn't trust that PHCHN will live up to their words of better power supply and there will be no way to call them to order ..I am on band A Tarriff and so far the light has improved and I can see the savings already because I my house runs gen when ever the Electricity goes off and we are home .... I the DISCOS keep to their word then there is no need to revert the tarriffs

SmartPolician:


You need to understand how important it is for them to remove the subsidy in petroleum.

This is the same thing that Jonathan wanted to do many years ago but these senseless idiots in power now stopped him with Ojota protests.

I just hope that Buhari wouldn't tell us that he still pays subsidy in 2 years' time.

These things in APC-led government are pathological liars

That's my biggest fear. Something tells me they'll still "remove subsidy" from petrol and the price will go up again.

Let them just remove all they want to remove once and let's get used to it... It's just like doing a surgery in batches for the exact problem, just do it once abeg... E go pain, yes, but atleast the pain will be just that once

In all honesty and based on 20years experience as an Accountant and Economist, deregulation is a bitter pill we have to swallow. A lot of people will say this is not the time due to the pandemic, but truth is that there is no good time as Nigeria is a poverty stricken nation and this will not change anytime soon. In fact it was better if we had deregulated 10 years ago, because with devaluation from $/165 to $/200 to $/360 and now to $/450, Nigerians have got poorer over time. Most major purchases in any household such as vehicle, fridge, freezer, computer, TV etc are imported and therefore e-rate dependent.

Nigeria's revenue is dwindling like crazy. Our only source of any meaningful forex - crude oil- is becoming less valuable as solar and wind energy become viable alternatives to hydro, coal and gas fired plants. The final death of crude may come when electric cars become the norm globally, as 50% of crude oil is used by the transportation sector. This is death of petrol cars is expected to occur between 2030 -2040.

https://www.forbes.com/sites/alanohnsman/2020/09/23/california-banning-sales-of-new-gasoline-cars-in-the-state-by-2035/#1066bfa77b87

Yet Nigeria is a nation of young people. About 60% of our 200m population are between 0 -25, so you can imagine how many cars will be on the roads in 10-15 years when these people start working. Will we subsides petrol for another 10mln incremental cars on our roads in 2030 with our limited funds, when we have no money for education for these people? Lack of education means they will likely remain in poverty. Poverty increases the chance of excessive childbirth and the destructive cycle goes on and on.

That said, deregulation is not the only thing that will break the cycle. There is a lot for the government to do, but government can do NOTHING if it has no money to do it with.

The NLC should make itself more relevant in issues at the Presidency and NASS level that affect the people such as wastage of funds, corruption in high places etc. NLC had nothing to say about NDDC saga? NLC has had nothing to say about wasting money for Hadjj? NLC had nothing to say about NASS spending billions every 4 years on cars? NLC has nothing to say on NASS budgeting N39bln to refurbish what is already one of the best buildings in Nigeria?

That is where NLC can make itself useful and impact Nigerian if it really has Nigerian's at heart.

owunabastard:
The problem is whether they will keep the tempo or even improve on giving us 24/7 light like other African country. And with estimated billing to continue, likely they will revert back to old days with you paying three times the bill.

My fears exactly

FarahAideed:


My fears exactly

Well that remains to be seen. Your fears are somewhat justified, but then again this tariff structure incentivizes the DISCOS to give you more power so that they can get more money from you.

Hopefully that motivates them to increase public power supply. My estate gen bill has actually been reducing from N35k last year to as low as N20k now due to improved power. If power improves still it can reduce further to say N10k.

so you really thought the fg will back down ?
ppl still never understand this game called nigeria

osamz007:
CORRUPT FOOLS

THEY CAN'T STAND THEIR GROUND

Brown envelopes speaking..
NLC and TUC will always be a joke, bunch of corrupt fools.. Very useless and corrupt government..

SilverNorGold:


Wetin una want, this children? Them say strike wan happen, una attack Buhari. Now Buhari dun negotiate with them to avoid the strike, una still dey attack am.

Wetin exactly una want?

kid we want price reduction of petrol and nepa bill !!!!! Which they have never done .

adekolaelect:
kid we want price reduction of petrol and nepa bill !!!!! Which they have never done .

Read the OP again, or the title

Agbegbaorogboye:

New recruit how far?
How much is your starting pay
I have a friend who is interested

Everything is not about money, sir. I am a patriot. Nobody is paying me anything.

If you are collecting money from corrupt politicians to destabilize Nigeria, it's your problem.

The FG has technically outsmarted Labour by increasing two major commodities, and the gullible labour has finally settled for one.

You increase the price of electricity without increasing power, not even provide the meter.


What a wickedness.

osamz007:
CORRUPT FOOLS

THEY CAN'T STAND THEIR GROUND

Ok, so you sent corrupt Fools to represent you, so why are you complaining, why did you not go and represent yourself?

Theoarhics:
The FG has technically outsmarted Labour by increasing two major commodities, and the gullible labour has finally settled for one.

Your peers (private sector) increased the price of the so called commodities, & you are blaming the Federal Government? Does the Federal Government control the downstream sector of oil, does the Federal Government own the Distribution or Energy Generation Companies?

SilverNorGold:


Everything is not about money, sir. I am a patriot. Nobody is paying me anything.

If you are collecting money from corrupt politicians to destabilize Nigeria, it's your problem.

I suggest you check very well the meaning of patriot. Patriotism is about loyalty to the country not the president. In so far as you choose to worship the president, you can be called his loyalist or admirer but that does not equate you to being a patriot.

Wole Soyinka and Obasanjo for example just called this govt the most divisive in the nation's history. Does that make them enemies of the country? I'm sure even Buhari can't lay claim to being more of a patriot than these two gentlemen.

So, I suggest you consider very carefully what exactly you profess and swear fidelity to. There's no shame in being a political follower of an individual or a paid propagandist for that matter. It can be likened to a job like any other. But there's great evil and deceit in equating a personal preference to love for country.

Agbegbaorogboye:


I suggest you check very well the meaning of patriot. Patriotism is about loyalty to the country not the president. In so far as you choose to worship the president, you can be called his loyalist or admirer but that does not equate you to being a patriot.

Wole Soyinka and Obasanjo for example just called this govt the most divisive in the nation's history. Does that make them enemies of the country? I'm sure even Buhari can't lay claim to being more of a patriot than these two gentlemen.

So, I suggest you consider very carefully what exactly you profess and swear fidelity to. There's no shame in being a political follower of an individual or a paid propagandist for that matter. It can be likened to a job like any other. But there's great evil and deceit in equating a personal preference to love for country.

No, I am not loyal only to the President. I am also loyal, and even more, to the Federal Republic of Nigeria. I have said it times without number that President Buhari isn't perfect. Meaning he can be criticized, and I do criticize him and his government when he errs.

However, always condemning and insulting the president even when he does the right thing is not patriotism.

You mentioned Soyinka. Soyinka doesn't only always criticize the president like you guys do. That's my point.

If you wanna criticize, do so when necessary. Not criticizing everything, even the good ones, simply because you don't like his religion or tribe. That's what I am against.

God bless the Federal Republic of Nigeria.

SilverNorGold:


No, I am not loyal only to the President. I am also loyal, and even more, to the Federal Republic of Nigeria. I have said it times without number that President Buhari isn't perfect. Meaning he can be criticized, and I do criticize him and his government when he errs.

However, always condemning and insulting the president even when he does the right thing is not patriotism.

You mentioned Soyinka. Soyinka doesn't only always criticize the president like you guys do. That's my point.

If you wanna criticize, do so when necessary. Not criticizing everything, even the good ones, simply because you don't like his religion or tribe. That's what I am against.

God bless the Federal Republic of Nigeria.

Good. Even though your signature says otherwise, let's accept your explanation.

To the fuel and electricity hike which is the reason for the topic.

Has Buhari done right by Nigerians in the matter of fuel and electricity tariff hike?

Has he shown fidelity to the country as a true stateman?

Is he worthy of praise/adulation or worthy of vilification for deceiving the populace?
I'll like your honest assessment.

Agbegbaorogboye:

Good. Even though your moniker says otherwise, let's accept your explanation.

To the fuel and electricity hike which is the reason for the topic.

Has Buhari done right by Nigerians in the matter of fuel and electricity tariff hike?

Has he shown fidelity to the country as a true stateman?

Is he worthy of praise/adulation or worthy of vilification for deceiving the populace?
I'll like your honest assessment.

At the emboldened, you have already condemned him, there's no point.

Anyway, read the article, the answer to your first question is there. I would also advise you read on deregulation. It'll help you better understand the article. Buhari is not increasing the price because he wants to. That's the misconception.

Regarding being a true statesman, even some bigwigs in the opposition party will tell you yes. But the problem is that you have already written him off. Nothing I will say will change anything, unless you start to see things critically and objectively.

God bless you.
God bless Nigeria.

SilverNorGold:


At the emboldened, you have already condemned him, there's no point.

Anyway, read the article, the answer to your first question is there. I would also advise you read on deregulation. It'll help you better understand the article. Buhari is not increasing the price because he wants to. That's the misconception.

Regarding being a true statesman, even some bigwigs in the opposition party will tell you yes. But the problem is that you have already written him off. Nothing I will say will change anything, unless you start to see things critically and objectively.

God bless you.
God bless Nigeria.

You get my point now?

You can't bring yourself to criticise him. Simple as that.

A brief history. Buhari said fuel subsidy is fraud. He said he doesn't understand fuel subsidy. From 2011 to 2015, he refused to attend the Council of State meeting where he could have been better enlightened on the subject. He kept on inciting the populace against the government of the day while collecting his dues as a former head of state without carrying out the responsibilities therein.

2020, he does the exact same thing he stood against in 2012 and claimed was a fraud.

Question is, whose time has been wasted in those eight years? His or the country's? If subsidy removal is a panacea to our downstream issues, do you know where we'll be by now if it had been carried out then? Fact is, he ended up sabotaging the country for his selfish interest.

At the end, Nigerians and Nigeria are the greatest loser. Hope you'll find the clarity to recognise a fraud when you see one.

Agbegbaorogboye:

You get my point now?

You can't bring yourself to criticise him. Simple as that.

A brief history. Buhari said fuel subsidy is fraud. He said he doesn't understand fuel subsidy. From 2011 to 2015, he refused to attend the Council of State meeting where he could have been better enlightened on the subject. He kept on inciting the populace against the government of the day while collecting his dues as a former head of state without carrying out the responsibilities therein.

2020, he does the exact same thing he stood against in 2012 and claimed was a fraud.

Question is, whose time has been wasted in those eight years? His or the country's? If subsidy removal is a panacea to our downstream issues, do you know where we'll be by now if it had been carried out then? Fact is, he ended up sabotaging the country for his selfish interest.

At the end, Nigerians and Nigeria are the greatest loser. Hope you'll find the clarity to recognise a fraud when you see one.

Actually, Buhari was right.

What Buhari was alluding to was the lack of transparency, fraud, etc. The amount stolen almost rivaled the subsidy itself that the removal would have been better. Though I admit he exaggerated a bit, that's Politics. He's a politician. Politicians use hyperbole as a tool, it's necessary in politics.

According to findings by Reuters, Buhari was proven right.

A string of investigations, audits and committees were set-up to investigate the fuel subsidy scheme. The first major report was produced by the lower house of parliament and is shortly going to be delivered to Jonathan and his government.
The national oil company, central bank and other government agencies have defended themselves against some accusations.
Here is some of what the report said:

FINDINGS

The subsidy regime between 2009-2011, the period the report covers, was fraught with “endemic corruption and entrenched inefficiency”.
Investigators looking into the subsidy found importers were being paid for 59 million liters a day, while the country only consumes 35 million.
Mismanagement and theft by fuel marketers and government officials cost $6.8 billion over three years -- about a quarter of Nigeria’s annual budget.
Nigeria spent 2.587 trillion Nigerian naira ($16.46 billion) on the fuel subsidy in 2011, 900 pct more than the 245 billion naira in the budget. The overspend is equivalent to over half of the 2011 federal budget.
The state-owned oil company NNPC is accountable to no one. It owes the government 704 billion naira for various violations of the subsidy scheme and it owes a string of fuel traders, including Trafigura, $3.5 billion -- about the amount in the Excess Crude Account, meaning that Nigeria essentially has no savings.

Oil Minister Diezani Alison-Madueke has a conflict of interest by being both on the board of NNPC - a fuel importer - and the supervisor of the subsidy regulator, the Petroleum Products Pricing and Regulatory Agency (PPPRA).
The number of fuel importers rose from 5 in 2006 to 10 in 2007, 19 in 2008 and 140 in 2011. This decision taken by PPPRA was one of the biggest causes of fraud. Many firms only existed on paper and collected subsidies on fuel that never existed.
In one example of mismanagement, the accountant-general’s office made 128 subsidy payment transactions of 999 million naira each in the space of 24 hours between January 12-13 2009 -- equal to about $6.36 million almost every 10 minutes.

Source: reuters. com/article/us-nigeria-subsidy-graft-idUSBRE84C08N20120513

Inciting the people? That he protested the fraud doesn't mean he incited anyone. See how Buhari is being systematic in the removal, several relevant bills in place. Compared to PDP's abrupt approach.

Agbegbaorogboye:

You get my point now?

You can't bring yourself to criticise him. Simple as that.

A brief history. Buhari said fuel subsidy is fraud. He said he doesn't understand fuel subsidy. From 2011 to 2015, he refused to attend the Council of State meeting where he could have been better enlightened on the subject. He kept on inciting the populace against the government of the day while collecting his dues as a former head of state without carrying out the responsibilities therein.

2020, he does the exact same thing he stood against in 2012 and claimed was a fraud.

Question is, whose time has been wasted in those eight years? His or the country's? If subsidy removal is a panacea to our downstream issues, do you know where we'll be by now if it had been carried out then? Fact is, he ended up sabotaging the country for his selfish interest.

At the end, Nigerians and Nigeria are the greatest loser. Hope you'll find the clarity to recognise a fraud when you see one.

Sorry, my main account was banned by the bot for posting link to the Reuters article.

Actually, Buhari was right.

What Buhari was alluding to was the lack of transparency, fraud, etc. The amount stolen almost rivaled the subsidy itself that the removal would have been better. Though I admit he exaggerated a bit, that's Politics. He's a politician. Politicians use hyperbole as a tool, it's necessary in politics.

According to findings by Reuters, Buhari was proven right.

A string of investigations, audits and committees were set-up to investigate the fuel subsidy scheme. The first major report was produced by the lower house of parliament and is shortly going to be delivered to Jonathan and his government.
The national oil company, central bank and other government agencies have defended themselves against some accusations.
Here is some of what the report said:

FINDINGS

The subsidy regime between 2009-2011, the period the report covers, was fraught with “endemic corruption and entrenched inefficiency”.
Investigators looking into the subsidy found importers were being paid for 59 million liters a day, while the country only consumes 35 million.
Mismanagement and theft by fuel marketers and government officials cost $6.8 billion over three years -- about a quarter of Nigeria’s annual budget.
Nigeria spent 2.587 trillion Nigerian naira ($16.46 billion) on the fuel subsidy in 2011, 900 pct more than the 245 billion naira in the budget. The overspend is equivalent to over half of the 2011 federal budget.
The state-owned oil company NNPC is accountable to no one. It owes the government 704 billion naira for various violations of the subsidy scheme and it owes a string of fuel traders, including Trafigura, $3.5 billion -- about the amount in the Excess Crude Account, meaning that Nigeria essentially has no savings.

Oil Minister Diezani Alison-Madueke has a conflict of interest by being both on the board of NNPC - a fuel importer - and the supervisor of the subsidy regulator, the Petroleum Products Pricing and Regulatory Agency (PPPRA).
The number of fuel importers rose from 5 in 2006 to 10 in 2007, 19 in 2008 and 140 in 2011. This decision taken by PPPRA was one of the biggest causes of fraud. Many firms only existed on paper and collected subsidies on fuel that never existed.
In one example of mismanagement, the accountant-general’s office made 128 subsidy payment transactions of 999 million naira each in the space of 24 hours between January 12-13 2009 -- equal to about $6.36 million almost every 10 minutes.

Inciting the people? That he protested the fraud doesn't mean he incited anyone. See how Buhari is being systematic in the removal, several relevant bills in place. Compared to PDP's abrupt approach.

Agbegbaorogboye:

You get my point now?

You can't bring yourself to criticise him. Simple as that.

A brief history. Buhari said fuel subsidy is fraud. He said he doesn't understand fuel subsidy. From 2011 to 2015, he refused to attend the Council of State meeting where he could have been better enlightened on the subject. He kept on inciting the populace against the government of the day while collecting his dues as a former head of state without carrying out the responsibilities therein.

(Sorry, my main account was banned by the bot for posting link to the Reuters article. )

Actually, Buhari was right.

What Buhari was alluding to was the lack of transparency, fraud, etc. The amount stolen almost rivaled the subsidy itself that the removal would have been better. Though I admit he exaggerated a bit, that's Politics. He's a politician. Politicians use hyperbole as a tool, it's necessary in politics.

According to findings by Reuters, Buhari was proven right. SEE SCREENSHOTS..

Inciting the people? That he protested the fraud doesn't mean he incited anyone. See how Buhari is being systematic in the removal, several relevant bills in place. Compared to PDP's abrupt approach.