tonychristopher:
when daura dullllard said that he will make it a litre 40 I laughed at the stupidity if these APC urchins chanting change

now the dullard us in USA ..Obama has ordered a subtitling amchkne that will sub title English to English now Judas of ubima was their the fat frog from imo state is there

petrol is 100 a litre yet there is subsidy

look at the mess the sophisticated ones put us again

PrinceMario:
You still have 7yrs+6months to wail. Keep the fire burning for the next 7yrs.

Omooba77:

Let him do the calculation,let him not forget the oil price then.You are funnying trying always to defend inevitables .Politics has ended realities is on ground.God bless Nigeria and deliver us from hypocrisy and unrepentant hearts.

koboko69:
Dear Wailing wailers

Calm down. Baba is coming for subsidy!!!

If Buhari's Government spends approximately N1.6b daily, it means we would spend N584billion by the end of the year.

Jonathan spent over N2.0trillion on subsidy in 1 year!!!!!

Stinking Hypocrisy of the wailers!!!!
at least........

Firefire, I expect to see you counter the above.

Bottom line, [size=15pt] 8 more years to go [/size] After when Fashola will take over

49cents:
BUT APC and Buhari swore that there wasnt anything like subsidy so what are they removing


yeye government, believed and defended by lunatics, voted in by fools

omenka:
Okay. Pardon me I didn't read the article. But from the tone of the op and knowing his political leanings, I can rightly guess the figure represents an increase from what it used to be.

A little math here wouldn't hurt I suppose.

If we are spending approximately N1.6b daily, it means we would spend N584billion by the end of the year.

Now, since this represents an upsurge, it means we must have been paying less in the past, yet Jonathan spent over N2.0trillion on the same item in 1year!!

....And they call him a hero.

That dude is a freaking Ali Baba!! We know who the other 40 ##ieves are.

bushdoc9919:
Of course...oil subsidy must go.

Importing the stuff costs more than selling it at N87. And subsidy just covers the difference barely.

We could cushion the effect by building more refineries.....but that is going to take time.

I know NNPC is a corrupt cesspool, and I know of the subsidy scams(which by the way happen because most marketers are making zero profit from the current subsidy regime)....but let's be honest, we are wasting money. Money which we do not have because....oil prices per barrel dropped.

tete7000:


I must say its quite sad and pathetic to imagine you didn't read before commenting. Anyway let me help you out. The crude is sold for about $57 per barrel and the subsidy figure stood at the current price. Now what you don't know is that the subsidy cost will increase as the crude price increases. At some point in the last got life, crude hits like over a $100 per barrel and that means during those periods they are paying almost double what is currently being paid if we assume there is direct variation between the crude price and subsidy payment(even though this might not been so but whatever there is sure to be subsidy increase as crude price increase.)
In the life of this govt too, should crude price rise in the international market there is bound to be rise in subsidy payment and you stipulated estimate of over $500bn fade into insignificance with time. If the crude price increase far beyond what it is now, the govt might end up overtime pay close to/more than the $1tr past govt paid. This reason is basically why it is difficult to accurately budget for subsidy as crude price is a fluctuating figure that is difficult to be accurately predicted.
Hope you have been enlightened. It is not everything people in the past govt said that are necessarily false. Sometimes ago you had believe as told that subsidy was fraud but you can see now that there was no fraud in it but pure propaganda the opposition party uses in winning election.

Hope you will have patience in reading through. You need to be able to read to really be thoroughly learned.

lonelydora:
The earlier we remove this subsidy the better for all Nigerians. But before this, things must be in place to cushion the initial effect on the citizens.

PrinceMario:
The agony of a wailing wailer. Only God knows when u guys will recover from the March 28 shock.

gagewonda:
Lets always b rational please nd stop dis blind following of politicians dat don't care abt us be it APC or PDP. PMB said he don't knw wat subsidy was, now he says it shld be maintained. Considering d huge amount used in subsidising dis product nd d fact dat as at ystday I filled my tank at 105/ ltr means dis subsidy isn't getting to d common man, ders no need for it. Dis huge moneys paid could be rechannelled to cushioning d effect of subsidy removal rather. Subsidise transport cost instead of petrol, subsidise health care instead, subsidise power instead, nd u claim u r bringing change to us what is now diffrnt from d past govt now?

Firefire:


I see that most of you have sold your mind to the enemies of Nigeria on the platform of CHANGE & partisanship.

You see this as wailing?

You guys have lost credibility already, you could not counter our posts objectively any more, you rather results to cheap blackmail.

Continue, we are all in the same boat, abi na only me dey buy fuel above the official pump price? NO!

tete7000:


I must say its quite sad and pathetic to imagine you didn't read before commenting.
Anyway let me help you out. The crude is sold for about $57 per barrel and the subsidy figure stands at the current price. Now what you don't know is that the subsidy cost will increase as the crude price increases. At some point in the last govt life, crude hit like over a $100 per barrel and that means during those periods they are paying almost double what is currently being paid if we assume there is direct variation between the crude price and subsidy payment (even though this might not been so but whatever, there is sure to be subsidy increase as crude price increases.)
In the life of this govt too, should crude price rise in the international market there is bound to be rise in subsidy payment and your stipulated estimate of over $500bn fade into insignificance with time. If the crude price increases far beyond what it is now, the govt might end up overtime pay close to/more than the $1tr past govt paid. This reason is basically why it is difficult to accurately budget for subsidy as crude price is a fluctuating figure that is difficult to be accurately predicted.
Hope you have been enlightened. It is not everything people in the past govt said that are necessarily false. Sometimes ago you had believe as told that subsidy was fraud but you can see now that there was no fraud in it but pure propaganda the opposition party uses in winning election.

Hope you will have patience in reading through. You need to be able to read to really be thoroughly learned.

PrinceMario:
#1.6b daily is less than #600b in a year. The otuoke goat spent over 2trillion naira in one year on petrol subsidy. We are yet to also forget the #3trillion kerosene subsidy. Foolish hypocrite wanting to blackmail a government which is less than 3months by justifying the cankerworm that milked us dry for 6 solid years.

tete7000:


I must say its quite sad and pathetic to imagine you didn't read before commenting.
Anyway let me help you out. The crude is sold for about $57 per barrel and the subsidy figure stands at the current price. Now what you don't know is that the subsidy cost will increase as the crude price increases. At some point in the last govt life, crude hit like over a $100 per barrel and that means during those periods they are paying almost double what is currently being paid if we assume there is direct variation between the crude price and subsidy payment (even though this might not been so but whatever, there is sure to be subsidy increase as crude price increases.)
In the life of this govt too, should crude price rise in the international market there is bound to be rise in subsidy payment and your stipulated estimate of over $500bn fade into insignificance with time. If the crude price increases far beyond what it is now, the govt might end up overtime pay close to/more than the $1tr past govt paid. This reason is basically why it is difficult to accurately budget for subsidy as crude price is a fluctuating figure that is difficult to be accurately predicted.
Hope you have been enlightened. It is not everything people in the past govt said that are necessarily false. Sometimes ago you had believe as told that subsidy was fraud but you can see now that there was no fraud in it but pure propaganda the opposition party uses in winning election.

Hope you will have patience in reading through. You need to be able to read to really be thoroughly learned.

Bizibi:
yea,someone told me about the subtitle,I thought it was a joke

Firefire:


Thank you for schooling the Professor of English.

omenka:
The title says hits, and that simply means an "increase". If you people find it difficult understanding simple english, that is none of my business.

49cents:



YOU ARE A VERY INTELLIGENT PERSON

THAT HAS BEEN WHAT AM PREACHING TONY FRUEINDS

MOST OF THE FUEL WE ARE SUPPOSSEDLY COMSUMING IN NIGERIA FINS ITS WAY TO BENIN REPUBLIC, NIGER ADN CO

IF HEALTHCARE IS USBSIDISED, WITH EDUCTION AND MASS TRANSPORTAION AND HOUSING..THESE CANT BE SMUGGLED OUT


BUT NIGERIANS SEF DONT KNOW WHAT THEU NEED...THEY PREFER TO BUY FUEL AT 50NAIRA AND PAY HIGH PRICES FOR EVERYTHING ELSE

PrinceMario:
At least,PMB has the balls to rule Nigeria. Not as clueless as the otuoke goat who we disgraced out of aso villa.

tete7000:


What is this one saying? It hits, does it mean it has reached its peak and won't go up or come down depending on what happen in the crude market? Oh, you still didn't read and want to teach me english? Sorry for you! You really need help. You can't be enlightened.

49cents:



YOU ARE A VERY INTELLIGENT PERSON

THAT HAS BEEN WHAT AM PREACHING TONY FRUEINDS

MOST OF THE FUEL WE ARE SUPPOSSEDLY COMSUMING IN NIGERIA FINS ITS WAY TO BENIN REPUBLIC, NIGER ADN CO

IF HEALTHCARE IS USBSIDISED, WITH EDUCTION AND MASS TRANSPORTAION AND HOUSING..THESE CANT BE SMUGGLED OUT


BUT NIGERIANS SEF DONT KNOW WHAT THEU NEED...THEY PREFER TO BUY FUEL AT 50NAIRA AND PAY HIGH PRICES FOR EVERYTHING ELSE

Rilwayne001:


Firefire, I expect to see you counter the above.

Bottom line, [size=15pt] 8 more years to go [/size] After when Fashola will take over

onatisi:
bro, did buhari actually say all these ? If he did then Nigeria is in some deep deep deep very deep problems .

omenka:
Okay. Pardon me I didn't read the article. But from the tone of the op and knowing his political leanings, I can rightly guess the figure represents an increase from what it used to be.

A little math here wouldn't hurt I suppose.

If we are spending approximately N1.6b daily, it means we would spend N584billion by the end of the year.

Now, since this represents an upsurge, it means we must have been paying less in the past, yet Jonathan spent over N2.0trillion on the same item in 1year!!

....And they call him a hero.

That dude is a freaking Ali Baba!! We know who the other 40 ##ieves are.

omenka:
Okay. Pardon me I didn't read the article. But from the tone of the op and knowing his political leanings, I can rightly guess the figure represents an increase from what it used to be.

A little math here wouldn't hurt I suppose.

If we are spending approximately N1.6b daily, it means we would spend N584billion by the end of the year.

Now, since this represents an upsurge, it means we must have been paying less in the past, yet Jonathan spent over N2.0trillion on the same item in 1year!!

....And they call him a hero.

That dude is a freaking Ali Baba!! We know who the other 40 ##ieves are.