egift:
In 2011 alone (an election year), FG budgeted less than N500b, Jonathan ended up spending/looting N1.8trillion in the name of Fuel Subsidy.

Now for 2015 (another election year), Jonathan is projecting 1,000,000,000,000 naira. Who knows the actual sum that will be spent eventually.

Jonathan surely knows how loot with both eyes open.

Stop Corruption, Vote Out Jonathan.

calaharry:

It is not free stuff but our right and only national cake we hav . Afterall we provide our water,generator power,security, etc that govt don't do much.

Johnnyessence:
Mrs okonjo iweala should be investigated upon d subsidy removal no jobs for d youths just to spread bunch lies we are now more educated. she thinks we are still mumu this so called woman will destroy our economy d more.d more is saying lies d more our economy down, d more this woman fabricate his lies d more the poverty in d land she should be investigated she's a PDP man she should be probe.d oil barons are smiling in her leadership as education minister this is much okonjo iweala should be investigated even she has change drastically in dealing with state government account so its when u decamp to PDP then d allocation of d state will be fast .okonjo iweala will surely give account to God in what she's doing under her leadership as finance minister no hope for incoming ones under her leadership.I believe God Almighty is watching us,I believe one day she will leave that office and a good and God fearing person will head d ministry.

Crispels:
Thieves!!!!! Money for election



Oo serious
























Space Booked Till Morning!!!















Make I go tell my wife say I don see land buy for Nairaland maybe she go give me garri and beans chop tomorrow morning









The easiest way to see God is prayer, But tresspassing this property is easier!!!!







This space is not for sale, Beware of fraudsters









Not even our oga@the top,Seun can collect this land from me

VolvoS60:



^^^^
bushdoc9919,

You still maintain your position on this subsidy matter. I asked a question on the thread then, and I am asking again:

How much does it cost to produce and refine a litre of fuel LOCALLY in Nigeria? How much does it cost to import a litre of fuel from Norway or Venezuela or wherever? Is there really a subsidy on locally produced fuel? Does it cost less than NGN97.00 to produce a litre of locally refined PMS here in Nigeria? If so, by how much? Or is the so-called subsidy actually on imported fuel and we do not want to admit it? Which of course raises the question: why is Nigeria importing fuel which can be produced locally here at lower cost?

I also have another question: there are several other oil producing countries (Brazil, Venezuela, Saudi Arabia etc) with state owned utilities which produce enough petroleum products for local consumption as well as for the export market. These state-owned oil utilities also turn a profit. Why should Nigeria's case be different?

According to you, the government does not have money to build new refineries. How will the fuel imports be financed then? Where will the money come from?

Once again, how much does it cost to produce a litre of PMS, DPK or AGO locally here in Nigeria? That is the crux of the matter.

Interval:
All these money are mostly meant for private pockets

eunisam:
We don't need subsidy again! You have succeeded in leting us know that Nigeria needs to remove fuel subsidy which you did in some years back,why subsidy again?

bushdoc9919:


In 2012...you Nigerians shouted loud and clear...fuel subsidy must stay.

So, it stayed.

Which Nigerian will rise up? The same ones who said that fuel subsidy must stay back then?

egift:
In 2011 alone (an election year), FG budgeted less than N500b, Jonathan ended up spending/looting N1.8trillion in the name of Fuel Subsidy.

Now for 2015 (another election year), Jonathan is projecting 1,000,000,000,000 naira. Who knows the actual sum that will be spent eventually.

Jonathan surely knows how loot with both eyes open.

Stop Corruption, Vote Out Jonathan.

trulygirl:
Nigerians are the most difficult people on the planet earth when GEJ said he wants to remove the subsidy bulls*it NLC shutdown Nigeria for days and they are budgeting trillions we are complain. please do u guys really know many cars we have in Nigeria? i really don't know why Baba Iyabo removed our tolls on the highways well this serves us right. When the cabals paid NLC and Co money to shutdown Nigeria everyone of you guys were abusing GEJ and Co. Well Well Well

size38:
Nigerians should rise and put a stop to this nonsense and urge d govt to use that money to repair our refineries. What kind of vision less and useless govt is this?

bushdoc9919:
Tis a lot of money....that would have been spent on a lot of things like infrastructure projects, universities, etc...

But we wanted cheap fuel (Which we REALLY can't get because we are producing less than we need for domestic consumption, but let's not get too factual here).

The honest truth is that we are importing fuel, the govt does not have money to build new refineries (and the private refineries promised are on the drawing board). Meanwhile, we are exporting less petrol than the United Arab Emirates....and for a population of 160million people(UAE has 8million).

The sad thing is that the fuel subsidy has to go. Yes, we will get high fuel prices, and I for one don't like having to pay up to N200 for a liter of fuel under the new regimen. But the sad thing is that we are pouring money that we do not have down a bottomless pit....and it is high time we stopped.

Ultimately, Nigeria has to get off oil....and become an industrial society. Maybe the oil subsidy money can be used for things like roads, railways, power, etc...that would fuel our industrail development...leading to jobs galore, and an end to unemployment.

But we Nigerians want free things. We don't want to work for our supper. The rich want their free bee money and the poor want their free fuel...Both want their slices of the oil cake...with no thought as to how the cake is baked.

Oil is a curse.