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Fuel Subsidy Is A Lie – Prof David West (MATHEMATICAL ANALYSIS) - Politics (3) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Fuel Subsidy Is A Lie – Prof David West (MATHEMATICAL ANALYSIS) (8699 Views)

Proof Buhari's/APC Fuel Subsidy Is A Scam Planned Months Ago To Decieve Us / A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths / Tam David-West Tells Jonathan "Look For Shoes Quickly And Go Back To Otuoke” (2) (3) (4)

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Re: Fuel Subsidy Is A Lie – Prof David West (MATHEMATICAL ANALYSIS) by Jesusloveyou: 2:53pm On Apr 25, 2015
omolami:
In actual fact petroleum subsidy started when Tam David West was the Minister of Petroleum in Nigeria. That was d period he was jailed for receiving bribe. Why didn't he stop it then?
u mean he was sack for corruption,so ibb has integrating to fight corruption
Re: Fuel Subsidy Is A Lie – Prof David West (MATHEMATICAL ANALYSIS) by wordcat(m): 8:18am On Apr 27, 2015
poiZon:

in less than 6wks we will hv a new FG, so no need explaining. they will come do the EXPOSITORY STATEMENT!

It is the current FG that moved pump price from N65 to N97 will explain to us how they arrived at N97 not the incoming one.
Re: Fuel Subsidy Is A Lie – Prof David West (MATHEMATICAL ANALYSIS) by pcicero(m): 8:19pm On May 16, 2016
Do we still remember this? I know some people would wish they had not taken the road they took here.

Human memories may be short, but the internet never forgets.

2 Likes

Re: Fuel Subsidy Is A Lie – Prof David West (MATHEMATICAL ANALYSIS) by phocuyelu: 11:09pm On May 16, 2016
Fast forward.....May 2016.....subsidy removal, deregulation, devaluation ..How do you remove what never existed?
Re: Fuel Subsidy Is A Lie – Prof David West (MATHEMATICAL ANALYSIS) by chigoizie7(m): 12:39am On May 17, 2016
I just wish all those kangaroo economists spewing trash on this very thread can see it now and again, please keep sharing till it gets to David west.

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Re: Fuel Subsidy Is A Lie – Prof David West (MATHEMATICAL ANALYSIS) by orisa37: 3:54am On May 17, 2016
NLC, TUC, NUPENG and PENGA. are all dull, illiterate and corrupt. If they are not, they should come out with their calculations that can be compared and contrasted with this Prof. Tam D. West standard. In addition, let them also calculate how they arrived at the N56000= minimum wage requirements.
Re: Fuel Subsidy Is A Lie – Prof David West (MATHEMATICAL ANALYSIS) by 989900B: 4:50am On May 17, 2016
It is quite doable, it depends on 3 factors:

1. The exchange rate.

2. Price of crude.

3. Are you importing or refining locally.


https://www.nairaland.com/3094055/n55-litre-fuel-without-subsidy
Re: Fuel Subsidy Is A Lie – Prof David West (MATHEMATICAL ANALYSIS) by grandstar(m): 5:07am On May 17, 2016
989900B:
It is quite doable, it depends on 3 factors:

1. The exchange rate.

2. Price of crude.

3. Are you importing or refining locally.



The price of a product is determined by market forces and not the cost of production.

At times, a product may be sold below the cost of production.

For instance, many American shale producers are unprofitable because of the collapse in oil prices which drove prices below the cost of production.

People just want fuel at the cheapest possible price despite the horrible queues that haunted us
Re: Fuel Subsidy Is A Lie – Prof David West (MATHEMATICAL ANALYSIS) by 989900B: 5:33am On May 17, 2016
grandstar:


The price of a product is determined by market forces and not the cost of production.

At times, a product may be sold below the cost of production.

For instance, many American shale producers are unprofitable because of the collapse in oil prices which drove prices below the cost of production.

People just want fuel at the cheapest possible price despite the horrible queues that haunted us


Your point again in relevance to the topic? undecided

1 Like

Re: Fuel Subsidy Is A Lie – Prof David West (MATHEMATICAL ANALYSIS) by grandstar(m): 5:47am On May 17, 2016
989900B:


Your point again in relevance to the topic? undecided

Yes. When people try to prove that petrol is unsubsidized, they usually use cost of production and not market value to justice their assertions.

This is plain wrong!

1 Like

Re: Fuel Subsidy Is A Lie – Prof David West (MATHEMATICAL ANALYSIS) by 989900B: 6:05am On May 17, 2016
grandstar:


Yes. When people try to prove that petrol is unsubsidized, they usually use cost of production and not market value to justice their assertions.

This is plain wrong!

What is subsidy?
Re: Fuel Subsidy Is A Lie – Prof David West (MATHEMATICAL ANALYSIS) by Nobody: 6:39am On May 17, 2016
Remebering this calculation makes me laugh on this day 17th May 2016 - 1 year after election
Re: Fuel Subsidy Is A Lie – Prof David West (MATHEMATICAL ANALYSIS) by deji68: 1:04am On Jan 23, 2018
grin grin grin grin grin grin this calculation na real scam some people fell for it sha
Re: Fuel Subsidy Is A Lie – Prof David West (MATHEMATICAL ANALYSIS) by SalamRushdie: 1:29am On Jan 23, 2018
Shouldn't TAM David west be in jail now?
Re: Fuel Subsidy Is A Lie – Prof David West (MATHEMATICAL ANALYSIS) by sapientia(m): 3:18am On Jan 23, 2018
Keneking:
Jonathan has been scamming Nigerians since 2010. cry

How long would it cost to build a detention centre for male and female..maybe 6-8weeks. Can we identify a location? Maybe Zamfara state (Sharia State). I support we build this facility there immediately from June 2015.

Just imagine the fraud..I agree with this analysis even we apply an error level of 10% the difference would still be humongous.

Anyone who does not agree with this should put on his gloves and bounce out......

How much is dollar now pls.
Re: Fuel Subsidy Is A Lie – Prof David West (MATHEMATICAL ANALYSIS) by Lionhearted: 3:29am On Jan 23, 2018
wordcat:


It is the current FG that moved pump price from N65 to N97 will explain to us how they arrived at N97 not the incoming one.

2018 is the year now.
Re: Fuel Subsidy Is A Lie – Prof David West (MATHEMATICAL ANALYSIS) by Lionhearted: 3:33am On Jan 23, 2018
From the archive for you lalasticlala
Re: Fuel Subsidy Is A Lie – Prof David West (MATHEMATICAL ANALYSIS) by Nobody: 6:05am On Jan 23, 2018
Lol! See how people were played!

Where the analysts them dey today? Nigerian youths use your brains and learn to ask questions!

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