By Levinus Nwabughiogu

ABUJA–President Muhammadu Buhari, Monday in Abuja said that his government may not remove the petroleum subsidy, stating that the reasons so far canvassed for its removal did not sound plausible.

He added that the absence of subsidy will have adverse effect on the poor and jobless Nigerians.

Speaking after receiving a briefing from the Ministry of Petroleum Resources, the Nigerian National Petroleum Corporation (NNPC) and other agencies in the oil sector, President Buhari said that he will carefully review all the submissions he had received on the need to remove the subsidies.

“I have received many literature on the need to remove subsidies, but much of it has no depth.

“When you touch the price of petroleum products, that has the effect of triggering price rises on transportation, food and rents. That is for those who earn salaries, but there are many who are jobless and will be affected by it,” he said.

According to the president, what impeded transparency in the oil sector may not be the subsidy but lack of security, sabotage, vandalism, corruption and mismanagement.

He however promised to deal decisively with all identified problems of the oil and gas sector.

“We have to go back to the good old days of transparency and accountability,” the President said .

A statement by his Special Assistant on Media and Publicity, Mallam Garba Shehu stated that “President Buhari directed the NNPC to review existing agreements for the swapping of crude oil for refined products with a view to injecting more honesty and transparency into the process to reduce costs”, even as he also “asked the NNPC management to do more to improve the supply of liquefied petroleum Gas (cooking gas).”

Cc lalasticlala

http://www.vanguardngr.com/2015/07/no-genuine-reason-to-remove-oil-subsidy-yet-buhari/?utm_source=&utm_medium=twitter

ok! waiting for when the reason becomes geniue. i have never doubted you (PMB) for once, but pls STOP boko boyz now! its becoming worrisome & confusing

#PMBshallSucceed

At last, some positive news from Buhari -

[img]http://media2./media/MhHcCN6PoTdL2/200w.gif[/img]

Daura President!I think he said is a scam?that he knws nothing about subsidy!

We are observing.

Yhunoos:
By Levinus Nwabughiogu

ABUJA–President Muhammadu Buhari, Monday in Abuja said that his government may not remove the petroleum subsidy, stating that the reasons so far canvassed for its removal did not sound plausible.

He added that the absence of subsidy will have adverse effect on the poor and jobless Nigerians.

Speaking after receiving a briefing from the Ministry of Petroleum Resources, the Nigerian National Petroleum Corporation (NNPC) and other agencies in the oil sector, President Buhari said that he will carefully review all the submissions he had received on the need to remove the subsidies.

“I have received many literature on the need to remove subsidies, but much of it has no depth.

“When you touch the price of petroleum products, that has the effect of triggering price rises on transportation, food and rents. That is for those who earn salaries, but there are many who are jobless and will be affected by it,” he said.

According to the president, what impeded transparency in the oil sector may not be the subsidy but lack of security, sabotage, vandalism, corruption and mismanagement.

He however promised to deal decisively with all identified problems of the oil and gas sector.

“We have to go back to the good old days of transparency and accountability,” the President said .

A statement by his Special Assistant on Media and Publicity, Mallam Garba Shehu stated that “President Buhari directed the NNPC to review existing agreements for the swapping of crude oil for refined products with a view to injecting more honesty and transparency into the process to reduce costs”, even as he also “asked the NNPC management to do more to improve the supply of liquefied petroleum Gas (cooking gas).”

Cc lalasticlala

http://www.vanguardngr.com/2015/07/no-genuine-reason-to-remove-oil-subsidy-yet-buhari/?utm_source=&utm_medium=twitter

Same man that said there was no subsidy of petroleum.

No problem it means the oil marketers continue to make their money and bye- bye refinery project.

.

There were a lot of lies dat Nigerians were told b4 the election... God see us tru

I thought there was nothing like petroleum subsidy in Nigeria, so why remove something that doesn't exist? Something must really be wrong with the mental state of mr Buhari

APC! change!
Change who? Change Jonathan!

LaaaffFfssssssssssss
Laaaffssssssssssssssss
Laaaaaafffffffssssssssssssss
Llllllaaaaaaaffffffffffffssssssssss

I don forget say we don change am sef.. To God be d glory .. Children of hate.. Oya make una attackk and start barking..


Lllllllllllllaaaaaaaaaaaaaffffffffffffffssssss
Fake news

Ka echere m na onye awusa a siri na ya amaghi ihe bu subsidy?

I thought PMB & APC said there's nothing like subsidy.That petrol subsidy is a FRAUD & conduit Pipe to defraud & deceive Nigerians.

The same Buhari that said subsidy was a scam?

Gen Muhammadu Buhari before his inauguration

"We could tell how much Nigerian crude cost, the cost of transportation from there to the refinery, the cost of refining, the cost of transportation to the pump stations and maybe 5 percent go for overhead.
I can understand if Nigerians pay for those costs. But somebody is saying he is subsidizing Nigerians. Who is subsidizing who?"
www.dailytrust.com.ng/sunday/index.php/top-stories/20804-i-don-t-know-what-fuel-subsidy-means-buhari

I thought you said there is nothing as subsidy, why are you now considering not removing it now.
I can see that you didn't have any clue what is going on in the country and you are fighting tooth and nail to become the president.
Speaking from both sides of your mouth doesn't pay a times.

haba, I thught he said there is no such thing as subsidy and its one big fraud.

Simply brilliant! Create a condusive environment that will alleviate the sufferings of 2/3 of Nigerians before the idea of subsiby removal becomes a good one. Who will suffer most if the subsidy is removed? The poor or the rich?

all I know is that you promised to reform the oil sector shikena http://yesreport..com/2015/07/i-will-reform-oil-sector-buhari.html?m=0

Buhari is simply d best.
For carrying d poor mata for head like lakpalakpa,
may u rule till 2099.

Someone should slap this man so that he can regain his senses

Fingers crossed

Really?
Is this man CONFUSED or just simply showing that he is indeed an illiterate with no clue about anything on governance



www.nairaland.com/attachments/2589504_subsidy2_jpeg57ea79bc1f8758353f00f8db1d53dbf1

Thanks Buhari.
The problem of corruption in the oil sector , sabotage, wastage have to be dealt with before considering tinkering with the subsidised petroleum products prices for ordinary Nigeria masses.
Removing the subsidies first without dealing with the afore mentioned is a LAZY MANS attitude to facing challenging governance issues involved here.
Sadly all former presidents are more tuned to that option because they lack sincerity, poise,commitment to take on the cabal head on.
Godspeed Mr president. You delight me .

The masses President.

“We have to go back to the good old days of transparency and accountability,” the President said .

When was that

I thought he once said that there was nothing like subsidy. So why still maintain and pay for what does not exist?

Change mouth

"I don't know the meaning of Subsidy". ~Buhari







This Agbaya can lie sha!!!!

Lol. So many rhetorical questions for Buhari concerning his stand on subsidy during campaign. May God save us from this propaganda that have befallen us as a nation

let's weight and see

A man of the people.

So much unlike the poor boy who had no shoes, yet he had no empathy either.