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Buhari's Govt Incurs N57b Petrol Subsidy Debt -PUNCH - Politics (4) - Nairaland

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Petrol Subsidy Returns As Nigeria Pays N28 Per Liter / Oby Ezekwesili Speaks On Petrol Subsidy Removal / FG Returns Petrol Subsidy, Retains Official Pump Prices (2) (3) (4)

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Re: Buhari's Govt Incurs N57b Petrol Subsidy Debt -PUNCH by CSTR2: 11:48am On Jun 28, 2015
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1 Like

Re: Buhari's Govt Incurs N57b Petrol Subsidy Debt -PUNCH by ndukwejoe(m): 11:48am On Jun 28, 2015
guys don't jump the gun, just one month and you guys want PMB to clean up the rot created in 16 years it does not work that way . buhari's tenure would be far better than jona's mark it .
Re: Buhari's Govt Incurs N57b Petrol Subsidy Debt -PUNCH by franudi: 11:48am On Jun 28, 2015
Now that Buhari has known what subsidy is,let him stop it as quicly as possible.If not he will have more debt than GEJ.

1 Like

Re: Buhari's Govt Incurs N57b Petrol Subsidy Debt -PUNCH by CSTR2: 11:56am On Jun 28, 2015
ndukwejoe:
guys don't jump the gun, just one month and you guys want PMB to clean up the rot created in 16 years it does not work that way . buhari's tenure would be far better than jona's mark it .
You have a problem with comprehension.
A tenure that is already accruing 57b in a month is a disaster.
This has nothing to do with jonathan.

1 Like

Re: Buhari's Govt Incurs N57b Petrol Subsidy Debt -PUNCH by Nobody: 11:58am On Jun 28, 2015
lolaxavier:
Obviously the spill over effects from the inadequacies of GEJ's administration. Well, nothing to worry about, baba will tackle everything...tanoids you see ur life?

Dullardihno will continue to fvck up and you will continue to rant about his fvckups being a "spill over effect" of GEJ's inadequacies because the witches in your village have used your brain to prepare Agidi!

Most of your pro buhari colleagues here are already aware that the man is under-performing and are already respecting themselves by keeping quiet. Some have even deactivated their NL monikers are are using new ones because they can't stand the embarassment no more and here you are shamelessly spewing trash! Brainless Dunce like you

2 Likes

Re: Buhari's Govt Incurs N57b Petrol Subsidy Debt -PUNCH by personal59: 12:15pm On Jun 28, 2015
CSTR2:
You and your president are retardded, my friend.
This is africa where the backward moronns govern the wise.
So yes, his father could be a better president than buhari will ever be.


Aiit but I think if he can mk it happen den he should av contest nd convince ppl with his agenda.
Re: Buhari's Govt Incurs N57b Petrol Subsidy Debt -PUNCH by CSTR2: 12:20pm On Jun 28, 2015
personal59:



Aiit but I think if he can mk it happen den he should av contest nd convince ppl with his agenda.
If the likes of buhari can be voted for, then sorry good leaders have no hope in your country.
Re: Buhari's Govt Incurs N57b Petrol Subsidy Debt -PUNCH by Goddex: 12:21pm On Jun 28, 2015
Splashme:
Goodluck Jonathan will very soon be completely vindictated. Time heals all wounds.

All the heaps of propaganda and lies peddled in the media against his govt will soon be corrected by 'Time' and educated Nigerians will soon realise how gullible they where to have swallowed the propaganda and outright lies from the APC propagandists

I blame Jonathan though. He did not make good use of the media. He allowed APC hijack the media from him.

Your last paragraph sums it all
Re: Buhari's Govt Incurs N57b Petrol Subsidy Debt -PUNCH by repogirl(f): 12:21pm On Jun 28, 2015
Goddex:
Buhari is a scam.
Nigerians will soon realise it.
if they havent realised it they might be as dull as their oga at the top.

2 Likes

Re: Buhari's Govt Incurs N57b Petrol Subsidy Debt -PUNCH by VcStunner(m): 12:25pm On Jun 28, 2015
Feranchek:
quote author=Splashme post=35235674]Goodluck Jonathan will very soon be completely vindictated. Time heals all wounds.

All the heaps of propaganda and lies peddled in the media against his govt will soon be corrected by 'Time' and educated Nigerians will soon realise how gullible they where to have swallowed the propaganda and outright lies from the APC propagandists

I blame Jonathan though. He did not make good use of the media. He allowed APC hijack the media from him.


And the mumu got 21 like from 21 other ode TANoids.
How does your comment justify the scam by GEJ So cos PMB said no more subsidy then everything go just change at once My bro, the same TIME you're looking up to, will help OUR dearest presido to eradicate the subsidy sham and also start a transparent oil sector. (He don even dey lay the foundation by dissolving the present NNPC board)

That same TIME will make REASONABLE Nigerians (not gullible TANoids) to see the foolishness and wickedness of GEJ.

That same TIME will make the whole world know that, truly, Nigeria is a force to reckon with.

That same TIME, will see your HERO and his girlfriends pay immensely for their sins

Finally, the same TIME, will make YOU AND OTHER MOFOS TANOIDS, to ACCEPT CHANGE and be better, civilized, responsible NIGERIANS.

God bless OUR honorable PMB
God bless his wife
God bless the federal republic of Nigeria


God bless the SOVEREIGN UNION OF BIAFRA!!!
and u got 14 likes cheesy
Re: Buhari's Govt Incurs N57b Petrol Subsidy Debt -PUNCH by personal59: 12:28pm On Jun 28, 2015
CSTR2:
If the likes of buhari can be voted for, then sorry good leaders have no hope in your country.

K bro but can u pls explain to me what make buhari bad?
Re: Buhari's Govt Incurs N57b Petrol Subsidy Debt -PUNCH by iyobs7(f): 12:35pm On Jun 28, 2015
Horlufemi:


Stealing is not corruption alright.

but stealing is illegal right?

by definition "Corruption is any illegal act done by a public office holder".

stealing (illegal act) done by a public office holder is corruption.

enuf said.

Una don understand now. Jeez

Open your mind to wise reasoning, he said on the presidential media chat that he never said stealing was not corruption but all he said was that instead of always saying corrupt corrupt corruption, just call him a thief. Stop trying so hard to tell yourself lies
Re: Buhari's Govt Incurs N57b Petrol Subsidy Debt -PUNCH by Abagworo(m): 12:35pm On Jun 28, 2015
Under Jonathan with Naira then valued at 120 to Dollar Nigeria paid a subsidy of nearly 3trillion in one year. Let us wait till year end to ascertain subsidy under Buhari. It might be less than 6oobillion thereby saving over 2trillion compared with Jonathan.

However the most important thing is to stop it and make our refineries work. I believe Buhari can.
Re: Buhari's Govt Incurs N57b Petrol Subsidy Debt -PUNCH by atlwireles: 12:36pm On Jun 28, 2015
Fuel Shortages to Hit Nigeria in Three Weeks, Seplat CEO Says


Nigeria will probably be hit by fuel shortages in three weeks as the government doesn’t have enough money to pay for gasoline subsidies, according to the head of Seplat Petroleum Development Co Plc.
“In three weeks we will be back to scarcity because we simply don’t have the money to pay for the subsidy,” Austin Avuru, chief executive officer of Lagos-based Seplat, said on Thursday at a Bloomberg conference at the Nigerian Stock Exchange.
Nigeria almost ground to a halt last month during the country’s worst fuel shortage in a decade due to a dispute between oil-product marketers and the outgoing government. The shortage left service stations closed, aircraft grounded, and businesses unable to operate.
A lack of oil refining capacity means Nigeria subsidizes gasoline imports and suffers frequent fuel shortages even though it’s Africa’s biggest crude producer of about 2 million barrels a day. President Muhammadu Buhari, who took office on May 29, said this week his government is facing severe financial strain from a Treasury that’s “virtually empty” and billions of dollars in debt.

http://www.bloomberg.com/news/articles/2015-06-25/fuel-shortages-to-hit-nigeria-in-three-weeks-seplat-ceo-says
Re: Buhari's Govt Incurs N57b Petrol Subsidy Debt -PUNCH by atlwireles: 12:37pm On Jun 28, 2015
[s]
Abagworo:
Under Jonathan with Naira then valued at 120 to Dollar Nigeria paid a subsidy of nearly 3trillion in one year. Let us wait till year end to ascertain subsidy under Buhari. It might be less than 6oobillion thereby saving over 2trillion compared with Jonathan.

However the most important thing is to stop it and make our refineries work. I believe Buhari can.
[/s]

You should not be lying during your ramadam fasting period. angry angry angry angry

1 Like

Re: Buhari's Govt Incurs N57b Petrol Subsidy Debt -PUNCH by tete7000(m): 12:44pm On Jun 28, 2015
N57b in one month. That translate to about N684b per annum if the product price did not increase in-between. Maybe Eweala is been proven correct about her assertion on subsidy afterall. APC, Change!
Re: Buhari's Govt Incurs N57b Petrol Subsidy Debt -PUNCH by ZAMZINE(m): 12:48pm On Jun 28, 2015
ShowYourCertificate:
And he's busy building a personal helipad for himself and his cows. Buhari is a certified Dullard from Daura

Re: Buhari's Govt Incurs N57b Petrol Subsidy Debt -PUNCH by Nobody: 12:50pm On Jun 28, 2015
lolaxavier:
Obviously the spill over effects from the inadequacies of GEJ's administration. Well, nothing to worry about, baba will tackle everything...tanoids you see ur life?


Oh, I see GEJ introduced fuel subsidy abi

D dullard said there's no subsidy, now d headache is his turn let him handle it.
Re: Buhari's Govt Incurs N57b Petrol Subsidy Debt -PUNCH by ZAMZINE(m): 12:53pm On Jun 28, 2015
neocortex:


Please don't blame DogoYaro , he doesn't understand how subsidy or economy works
so he is bound to make ignorant statements regularly. And that's why he has interpret seq generals
and slaves whose only job is denying what he previously said.
#cluelessdullarpo

Re: Buhari's Govt Incurs N57b Petrol Subsidy Debt -PUNCH by Nobody: 12:53pm On Jun 28, 2015
chiefololade:


Are you for real? Embezzled! You don't have to show everyone you lack br.a.in

U didn't understand his sarcasm. President Buhari said there is nothing like subsidy and thus means gej has been stealing money n claim its for subsidy payments.

If the dullards previous analysis is correct, den he has stolen 57 billion naira already.

2 Likes

Re: Buhari's Govt Incurs N57b Petrol Subsidy Debt -PUNCH by mayorchelsea(m): 12:53pm On Jun 28, 2015
He told us in 2011 he was going to repair our refineries, six years in office, his government paid lump sums for maintenance and turn around of non-functional refineries, yet nothing worked. GEJ may not really be the one who embezzled our funds but by trying to please his kingmakers and saying yes to all just for second term ticket makes him culpable.Had he delivered that campaign promise of repairing our refineries, second Niger bridge and prosecuting the PDP relatives that stole subsidy funds, PMB would have died trying to become president,my opinion though.
Re: Buhari's Govt Incurs N57b Petrol Subsidy Debt -PUNCH by delta234: 12:53pm On Jun 28, 2015
Feranchek:
quote author=Splashme post=35235674]Goodluck Jonathan will very soon be completely vindictated. Time heals all wounds.

All the heaps of propaganda and lies peddled in the media against his govt will soon be corrected by 'Time' and educated Nigerians will soon realise how gullible they where to have swallowed the propaganda and outright lies from the APC propagandists

I blame Jonathan though. He did not make good use of the media. He allowed APC hijack the media from him.


And the mumu got 21 like from 21 other ode TANoids.
How does your comment justify the scam by GEJ So cos PMB said no more subsidy then everything go just change at once My bro, the same TIME you're looking up to, will help OUR dearest presido to eradicate the subsidy sham and also start a transparent oil sector. (He don even dey lay the foundation by dissolving the present NNPC board)

That same TIME will make REASONABLE Nigerians (not gullible TANoids) to see the foolishness and wickedness of GEJ.

That same TIME will make the whole world know that, truly, Nigeria is a force to reckon with.

That same TIME, will see your HERO and his girlfriends pay immensely for their sins

Finally, the same TIME, will make YOU AND OTHER MOFOS TANOIDS, to ACCEPT CHANGE and be better, civilized, responsible NIGERIANS.

God bless OUR honorable PMB
God bless his wife
God bless the federal republic of Nigeria


God bless the SOVEREIGN UNION OF BIAFRA!!!

Sharrrappppppp
Because ure gullible with those who gave u the few "likes" does not mean all Nigerians are daft like ur dullard of a President
Re: Buhari's Govt Incurs N57b Petrol Subsidy Debt -PUNCH by Nobody: 12:55pm On Jun 28, 2015
Feranchek:
quote author=Splashme post=35235674]Goodluck Jonathan will very soon be completely vindictated. Time heals all wounds.

All the heaps of propaganda and lies peddled in the media against his govt will soon be corrected by 'Time' and educated Nigerians will soon realise how gullible they where to have swallowed the propaganda and outright lies from the APC propagandists

I blame Jonathan though. He did not make good use of the media. He allowed APC hijack the media from him.


And the mumu got 21 like from 21 other ode TANoids.
How does your comment justify the scam by GEJ So cos PMB said no more subsidy then everything go just change at once My bro, the same TIME you're looking up to, will help OUR dearest presido to eradicate the subsidy sham and also start a transparent oil sector. (He don even dey lay the foundation by dissolving the present NNPC board)

That same TIME will make REASONABLE Nigerians (not gullible TANoids) to see the foolishness and wickedness of GEJ.

That same TIME will make the whole world know that, truly, Nigeria is a force to reckon with.

That same TIME, will see your HERO and his girlfriends pay immensely for their sins

Finally, the same TIME, will make YOU AND OTHER MOFOS TANOIDS, to ACCEPT CHANGE and be better, civilized, responsible NIGERIANS.

God bless OUR honorable PMB
God bless his wife
God bless the federal republic of Nigeria


God bless the SOVEREIGN UNION OF BIAFRA!!!


he has got 136 likes n counting.
Re: Buhari's Govt Incurs N57b Petrol Subsidy Debt -PUNCH by Horlufemi(m): 1:07pm On Jun 28, 2015
iyobs7:


Open your mind to wise reasoning, he said on the presidential media chat that he never said stealing was not corruption but all he said was that instead of always saying corrupt corrupt corruption, just call him a thief. Stop trying so hard to tell yourself lies

They engage in acts of corruption.
Re: Buhari's Govt Incurs N57b Petrol Subsidy Debt -PUNCH by 2rutalk1: 1:16pm On Jun 28, 2015
lolaxavier:
Obviously the spill over effects from the inadequacies of GEJ's administration. Well, nothing to worry about, baba will tackle everything...tanoids you see ur life?
I know “spill over effect“ is the only thing you learnt in your Economics class, if only you know the meaning. Sentiment and tribalism are the greatest bane of our developmental strive in Nigeria. I am very much aware that your conscience is not at peace with you for dropping this trash. Suffering and smiling
Re: Buhari's Govt Incurs N57b Petrol Subsidy Debt -PUNCH by Nobody: 1:24pm On Jun 28, 2015
The APC presidential aspirant Muhammadu Buhari on his Facebook account has posted a message in which he criticises fuel prices. 


The statement says that out of desperation, GEJ’s government has increased subsidy payments and reduced fuel prices to N87 per litre.

READ ALSO: Nigerians React To New Fuel Price

Adressing Nigerians, Buhari urges: “Many people think it is a good decision. But it is not.You think you are paying less at the Petrol station, but you cannot experience much economic developments this way. Why? The monies that have been budgeted for Education, Security, Constructions and many more will be diverted to pay for subsidy as it was never planned.”

According to the prices,  the budget estimates $65 per barrel, while crude oil costs $48 per barrel. “We are losing $17 per barrel,” says Buhari.

Buhari mentioned that in recent weeks, India and Indonesia have removed fuel subsidies but Nigeria’s government has decided to take on more.

READ ALSO: 2015 Budget: Presidency To Spend N815.4m On Fuel

The APC candidate says that deregulation is the solution, not increased subsidy payments.

“GEJ is seeking to buy your votes for N10, but your future cannot be exchanged for N10. He knows this move is not sustainable and so, he will definitely increase it, even more than N97, if you vote him in.He waited up until 27 days to the election to make this move,” he adds.

The full statement is below:



“Out of desperation, GEJ’s government has increased subsidy payments and reduced fuel prices to N87 per liter. Many people think it is a good decision. But it is not.

You think you are paying less at the Petrol station, but you cannot experience much economic developments this way. Why? The monies that have been budgeted for Education, Security, Constructions and many more will be diverted to pay for subsidy as it was never planned.

Budget – $65 per barrel. Crude – $48 per barrel. We are losing $17 per barrel.

In recent weeks, India and Indonesia have removed fuel subsidies. Nigeria’s government decides to take on more.

Deregulation is the solution, not increased subsidy payments.

GEJ is seeking to buy your votes for N10, but your future cannot be exchanged for N10. He knows this move is not sustainable and so, he will definitely increase it, even more than N97, if you vote him in.

He waited up until 27 days to the election to make this move.”
Re: Buhari's Govt Incurs N57b Petrol Subsidy Debt -PUNCH by IbokUtoroh(m): 1:28pm On Jun 28, 2015
Splashme:
Goodluck Jonathan will very soon be completely vindictated. Time heals all wounds.

All the heaps of propaganda and lies peddled in the media against his govt will soon be corrected by 'Time' and educated Nigerians will soon realise how gullible they where to have swallowed the propaganda and outright lies from the APC propagandists

I blame Jonathan though. He did not make good use of the media. He allowed APC hijack the media from him.
















that was his weakest doing, but atleast he laid foundation for the next person to work with.
i saw in the report' buhari's committee advices him privatize the four refineries'? this is unbelievable....
the same thing gej wanted doing, the thieves in that sector kick against it.
lets see hw it goes.....
Re: Buhari's Govt Incurs N57b Petrol Subsidy Debt -PUNCH by IbokUtoroh(m): 1:33pm On Jun 28, 2015
Bluetooth2:


Does this report absolved Jonathan of corruption ?

It's only people who subscribed to the theory of "stealing is not corruption" that will support jonathan.















stealing is a crime, corruption is a crime so in summary stealing is not corruption!
Re: Buhari's Govt Incurs N57b Petrol Subsidy Debt -PUNCH by major466(m): 1:44pm On Jun 28, 2015
How did Dullardo incured N57 billion subsidy debt in one month I thought he said Subsidy Never Existed since Nigeria got independence
Re: Buhari's Govt Incurs N57b Petrol Subsidy Debt -PUNCH by IbokUtoroh(m): 1:53pm On Jun 28, 2015
obailala:
Vindicated of what exactly?... The TRILLIONS which were stolen from Nigeria under his watchful eyes?

Can you kindly take a seat at the back please. You talk of education yet you do not know how to differentiate the propaganda from the issues which are simple truths staring us in the face.














if gej stole TRILLIONS, THEN baba in collabo with abacha as ptf chairman n obasanjo as the pioneer minister of oil must hv embezzled BILLIONS OF TRILLIONS!
Dont forget 2.5billion dols is still missing since 1976 when naira was at par wif pounds. .n also buhari never told us how much barrel was pumped per day during his days as oil minister. chai see thievery!
my wahala no be even say them thief but the money no dey show for their body. see buhari as fish wey person buy on credit. even him son too...... as dry as dryer!
omoh gej chop knuckles jare, the money don show for ya body, see ya son na .......god bless the better thieves n punish the foolish thieves!

1 Like

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