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Nairaland Forum / Nairaland / General / Politics / IMF Advices Nigeria To Remove All Forms Of Fuel Subsidy (24155 Views)
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Re: IMF Advices Nigeria To Remove All Forms Of Fuel Subsidy by Reader530(m): 10:00am On Apr 19, 2015 |
Obinoscopy:Yes, International Monetary Fund (IMF) but will it favour the masses? |
Re: IMF Advices Nigeria To Remove All Forms Of Fuel Subsidy by buJu234: 10:02am On Apr 19, 2015 |
Nigerians should know that u can't eat ur cake and still have it at same time. Development and economical greatness don't come cheap.. assuming Fashola listened to these kind of Nigeria stories Lagos wouldn't have experienced the development that it's seeing now (like the lekki toll road etc). Fuel subsidies must go... Then let's continue to fight for a corruption free government atleast we voted buhari on his promises of fighting corruption. Let's fuel subsidies ; NNPC and the federal civil services be totally overhauled. |
Re: IMF Advices Nigeria To Remove All Forms Of Fuel Subsidy by Reader530(m): 10:02am On Apr 19, 2015 |
Yes we are solidly behind you in as much as it favours the masses |
Re: IMF Advices Nigeria To Remove All Forms Of Fuel Subsidy by arsetalkshere: 10:02am On Apr 19, 2015 |
gbl01:They killed him? How is that? You should take him on the refineries he promised to build that he never did. What exactly did he do with the extra 20 naira or thereabout he imposed on us? I thought they were to be used to buy some so called coaches and build refineries? Where are the said refineries about 3 years later? 1 Like |
Re: IMF Advices Nigeria To Remove All Forms Of Fuel Subsidy by eejo(m): 10:03am On Apr 19, 2015 |
Imf is right remove subsidy and corruption ends by 60 Percent |
Re: IMF Advices Nigeria To Remove All Forms Of Fuel Subsidy by baralatie(m): 10:04am On Apr 19, 2015 |
gbl01:nearly is not even the word!! APC fabricated all manner of things against the Govt. Now GMB,hian!!!! 4 Likes 2 Shares |
Re: IMF Advices Nigeria To Remove All Forms Of Fuel Subsidy by Nobody: 10:06am On Apr 19, 2015 |
gobizzy101:see judgment. Unfortunately for you, you no be God and you must be a nobody cos u just ranted as one. Repent or...... 1 Like |
Re: IMF Advices Nigeria To Remove All Forms Of Fuel Subsidy by arsetalkshere: 10:07am On Apr 19, 2015 |
1stola:This is the question I keep asking people like Barcanista who keep telling us selling PMS and other products at 40 naira is not possible. How is that? We pay several trillions ( not billions any more ) as subsidy when crude oil price was $150+ per barrel and were buying a litre for N97 now that it now 1/3 less than we were buying ( when we ought not to buy ), we are still paying trillions as subsidy yet we could only get N10 as reduction. How is that? It is not as if there is any significant reduction in amounts paid for subsidy. 1 Like |
Re: IMF Advices Nigeria To Remove All Forms Of Fuel Subsidy by arsetalkshere: 10:08am On Apr 19, 2015 |
PassingShot:And to be honest, good returns we will never get until the refineries are repaired. We need competition in the market, that competition can't be gotten until we have fixed our refineries FIRST and then remove subsidy thereafter. |
Re: IMF Advices Nigeria To Remove All Forms Of Fuel Subsidy by Nobody: 10:09am On Apr 19, 2015 |
baralatie:APC said subsidy is a scam and that Nigerians should not be paying more than 40 naira per liter. We will be watching and talking from May 29th. |
Re: IMF Advices Nigeria To Remove All Forms Of Fuel Subsidy by arbitter: 10:11am On Apr 19, 2015 |
Mboi: Really? The man that has a 1 Billion Naira budget for food, 4 billion naira budget for his wife, pardons his godfather indicted for corruption, goes to stupid rallies when bombs explode in the capital, ignores the kidnapping of 200+ girls because some fat bastard told him its a 'scam etc And yet ldiots like you wanna tell us he is like the best thing to happen to Nigeria Ugh! Whatever, believe what you want. 1 Like |
Re: IMF Advices Nigeria To Remove All Forms Of Fuel Subsidy by Nobody: 10:12am On Apr 19, 2015 |
arsetalkshere:Don't worry baba buhari will repair and build new refineries from may 29th. Have u forgotten his promises? |
Re: IMF Advices Nigeria To Remove All Forms Of Fuel Subsidy by arsetalkshere: 10:13am On Apr 19, 2015 |
Mboi:Are you drunk? So you are saying Nigerians should buy their own product at 150 naira per litre simply because the government refused to deal with those milking us dry. Are yourself, GEJ and his government has been shouting of fuel subsidy scam, who was jailed? Name one single person that was prosecuted and jailed. By removing subsidy without building refineries, Nigerians will pay 150 naira or even more per litre of petrol for a long time to come. How is the people supposed to be allowed to suffer for the government's failure? What exactly did GEJ administration do with the extra 20 naira or so accrual from increasing the pump prices? Were are the buses we were promised? Were are the refineries? 1 Like |
Re: IMF Advices Nigeria To Remove All Forms Of Fuel Subsidy by cap28: 10:16am On Apr 19, 2015 |
Curvinus: Good questions but they can be answered by looking at the people who are benefitting from our oil revenue - Is it the masses or the few private investors? I hope you know that Buhari is only in power because these same investors do not see him as a threat - by investors I mean both Nigerian and international (USA/EU). The other day Buhari announced that he will rekindle military ties with the US - why do you think he is doing that? Are those the actions of an independent mind? Nigeria under Buhari will not diversify its economy because it is still tied to the apron strings of Washington and London who by way of their financial institutions direct you to implement economic policies that impoverish your own population. 1 Like |
Re: IMF Advices Nigeria To Remove All Forms Of Fuel Subsidy by Lalashi1(m): 10:17am On Apr 19, 2015 |
topservice:see ur life? God is watching u in 3D. |
Re: IMF Advices Nigeria To Remove All Forms Of Fuel Subsidy by Nobody: 10:18am On Apr 19, 2015 |
arbitter:Everything you said here looks correct except the kidnapping part. The 200+ girls if they actually exist were hoarded and not kidnapped. Don't blame Gej for the north's orchestra in the name of politics. From May 29th, we will be watching the #BBOG. But we will be watching Buhari more. |
Re: IMF Advices Nigeria To Remove All Forms Of Fuel Subsidy by NwaNimo1(m): 10:19am On Apr 19, 2015 |
Buhari better do what he's told . . . . |
Re: IMF Advices Nigeria To Remove All Forms Of Fuel Subsidy by Tushborn: 10:20am On Apr 19, 2015 |
màke buhari no try àm na insult |
Re: IMF Advices Nigeria To Remove All Forms Of Fuel Subsidy by revolt(m): 10:20am On Apr 19, 2015 |
Where's tam david west?!!!! I thought he was arguing there was no subsidy?.. Even buhari said there was no subsidy then, hmmm lemme see him open his mouth and say he wants to remove subsidy.. Campaigns of calumny. 1 Like |
Re: IMF Advices Nigeria To Remove All Forms Of Fuel Subsidy by Nobody: 10:22am On Apr 19, 2015 |
cap28:Get ready to be attacked for stating the obvious truth. |
Re: IMF Advices Nigeria To Remove All Forms Of Fuel Subsidy by baralatie(m): 10:28am On Apr 19, 2015 |
arbitter:if GMB tells you on may 29,there is no more fuel subsidy what are you going to do!! |
Re: IMF Advices Nigeria To Remove All Forms Of Fuel Subsidy by TheGoodJoe(m): 10:31am On Apr 19, 2015 |
chuna1985: We lost money to Subsidies because GEJ is myopic to corruption. We ran Subsidies in the past and did not lose this way. The problem is not the Subsidies but the corruption in the NNPC. That is why the sanitization of the NNPC should be a priority of Gen. Buhari's administration. A lot of Oil Producing countries enjoy Subsidies without such losses we faced under GEJ. |
Re: IMF Advices Nigeria To Remove All Forms Of Fuel Subsidy by TheGoodJoe(m): 10:32am On Apr 19, 2015 |
tonte: The IMF advised Gen. Babangida and messed Nigeria up. Gen. Buhari should put a brilliant and creative economic team together and make steps that will benefit Nigerians. He should not listen to people who have their interest at heart. Ngozi Okonjo-Iweala listened and see the result on the economy. |
Re: IMF Advices Nigeria To Remove All Forms Of Fuel Subsidy by knightsTempler: 10:34am On Apr 19, 2015 |
kurt09: You can say that again. |
Re: IMF Advices Nigeria To Remove All Forms Of Fuel Subsidy by ForSaleGuru: 10:35am On Apr 19, 2015 |
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Re: IMF Advices Nigeria To Remove All Forms Of Fuel Subsidy by boladez(m): 10:36am On Apr 19, 2015 |
ImF should carry its badluck go front! They should remove the subsidy America gives its farmers and manufacturing concerns first. Remove the monies given to Boeing and Airbus etc etc.......remove the subsidy to Uk farmers and grants to their unemployed citizens before they come and tell us gutter talk The solution to the fuel subsidy which is the major Nigerian subsidy is to build and stimulate the building of local refineries...thats all |
Re: IMF Advices Nigeria To Remove All Forms Of Fuel Subsidy by arbitter: 10:39am On Apr 19, 2015 |
baralatie: Not give a Bleep |
Re: IMF Advices Nigeria To Remove All Forms Of Fuel Subsidy by cap28: 10:59am On Apr 19, 2015 |
arsetalkshere: That subsidy thingy that these thiefs keep talking about is simply what you call bamboozling the vastly ignorant masses in order to get them to pay for something that they did not benefit from. The Nigerian govt under the direction of Okonjo Iweala, Obasanjo and GEJ signed various agreements with the IMF which stipulated that the IMF would loan Nigeria huge sums of money for various developmental projects. Majority of these projects were scams between the above mentioned theifs and their western collaborators who also received their own cuts. Now that the time has come for these loans to be repaid along with the interest that has accrued on them the bill is now being handed over to the NIgerian masses,this is why they are talking about subsidy. There never was anything like a subsidy, a lie has to be concocted to justify why they are going to increase the price of petrol. Why is Nigeria the only oil exporting country that talks about subsidising something that they have in abundance. 1 Like |
Re: IMF Advices Nigeria To Remove All Forms Of Fuel Subsidy by ttmacoy: 11:02am On Apr 19, 2015 |
You also need to understand that the subsidies also prevent development of refineries. Having subsidies and the government dictating the price of fuel means there is little incentive for private investment in refineries. Also the government is spending loads of money on subsidies, this money would be better spent on the refineries. But again if they stop the subsidies, will they really spend the money saved on the refineries or will they steal it?? As mentioned above already subsidies is just a cesspit of corruption and stealing. PassingShot: |
Re: IMF Advices Nigeria To Remove All Forms Of Fuel Subsidy by baralatie(m): 11:04am On Apr 19, 2015 |
arbitter:eeyah!and people campaign against fuel subsidy removal in ojota and across the federation! |
Re: IMF Advices Nigeria To Remove All Forms Of Fuel Subsidy by cap28: 11:13am On Apr 19, 2015 |
boladez: the difference between US subsidies for farmers and the so called oil subsidy in Nigeria is that the former actually exists while the latter is a scam that is being used by the Nigerian govt to get the masses to pay for something that they never enjoyed for one day. The US farmer subsidies genuinely help to keep food prices low while the Nigerian "subsidy" is a smokescreen used to make Nigerians pay more for something that they should be getting cheap. Also no US citizen will tolerate the abuse and economic exploitation that the Nigerian govt and its western collaborators inflict on the masses hile Nigerians continue to place their hopes on thiefs that have let them down tiem and time again. Same goes for the UK, if the govt tries to remove the social welfare safety net the british people will bring the UK to a standstill, Nigerians will continue to wish upon a star. |
Re: IMF Advices Nigeria To Remove All Forms Of Fuel Subsidy by xreal: 11:24am On Apr 19, 2015 |
BiHung: U spoke my mind. |
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