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Nairaland Forum / Nairaland / General / Politics / Kachikwu: Subsidy Removal Will Not Affect Pump Price (22974 Views)
Ekweremadu’s Removal Will Divide Nigeria – Archbishop Chukwuma Cautions Buhari / Kachikwu: Subsidy Removal To Save N16.4bn Monthly For Govt / Tinubu To Jonathan In 2012: Subsidy Removal Will Bring Hardship On The People (2) (3) (4)
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Re: Kachikwu: Subsidy Removal Will Not Affect Pump Price by Ahmed3rdjuly: 9:51am On Dec 19, 2015 |
FG spent over 500Billion paying some fraudsters as subsidy the major share holders of these companies are growing fat, the minor shareholders aren't even enjoying the benefits from these cash inflows, If only that 500Billion was spent on railways every year it won't cost you 300,000 to transport a container from Lagos to Kano, We would spend less than 6 hours travelling bullet trains from Yola-lagos or Sokoto-PH, this means that transportation cost would reduce, less trailers would be on our roads, less damages to our roads, our roads would last longer and cost of maintenance would reduce, less accidents on Lokoja-Abuja express Moving a trailer of livestock from north to south would reduce and even suya price would reduce. This is just 1 sector talk more of others that need that scarce funds. Its only dumb Nigerians that want subsidy to remain 3 Likes |
Re: Kachikwu: Subsidy Removal Will Not Affect Pump Price by anonimi: 9:53am On Dec 19, 2015 |
MAY or may not abi These people have seen mumus walahi. Where are the MISGUIDED elements who did Occupy Nigeria against our avant-garde hero of democracy & socio-economic transformer? Wey dem www.nairaland.com/attachments/3075523_bubu_jpeg548c6e11ce99a7bdf3febf4edabed9ea www.nairaland.com/attachments/2589504_subsidy2_jpeg57ea79bc1f8758353f00f8db1d53dbf1 www.nairaland.com/attachments/3075524_bubu1_jpeg88275f10f2430d13576e18436b244ea1 [img]https://www.nairaland.com/avatars/rfpz2aiih02arcv4l0q6myapvub3qyub1364484[/img] 2 Likes 1 Share |
Re: Kachikwu: Subsidy Removal Will Not Affect Pump Price by egobetatoday: 9:54am On Dec 19, 2015 |
Bigmarx: the mathematicians have done the work for us. The thing is every sphere of the economy will be affected. Even buhari's brothers in the north are making 'u' turn on him. A hausa fruit seller in my area recently complained over buhari and how the economy is not favourable. Now he knows that his problem is not Gej. His main problem is when people dont buy his fruits because of the harsh economy. hiohiohiohiohio 2 Likes |
Re: Kachikwu: Subsidy Removal Will Not Affect Pump Price by ogawisdom(m): 9:55am On Dec 19, 2015 |
rottennaija: He is smart to u BC u r dull n gullible, dt guy is a complete dummy 3 Likes |
Re: Kachikwu: Subsidy Removal Will Not Affect Pump Price by TonyeBarcanista(m): 9:55am On Dec 19, 2015 |
Oh STFU sir! In 2012 I opposed the subsidy removal but I'm a strong advocate of removal now. Why? In 2012, the subsidy payment was N78 per litre, while the masses paid N65 per litre. Removing subsidy means the masses were to bear the extra load of 78 naira per litre in addition to the N65. That's hardship.... Beside, there was no paliative. But now, the open market of pms is around N95 per litre. Meaning, government only pay N8 per litre as subsidy. Removing subsidy won't make any difference on the masses. Hence, Subsidy Must Go! nezer83: |
Re: Kachikwu: Subsidy Removal Will Not Affect Pump Price by Nobody: 9:57am On Dec 19, 2015 |
porka:true any thing good was rejected by apc cos it was jonathan am not a pdp fan but removal of subsidy was a good strategy 3 Likes |
Re: Kachikwu: Subsidy Removal Will Not Affect Pump Price by imagrg(m): 9:57am On Dec 19, 2015 |
Past administration was good at holding talks and deceit. PMB is leading us to the promised land; so let's accept subsidy removal. It is in our own interest. |
Re: Kachikwu: Subsidy Removal Will Not Affect Pump Price by egobetatoday: 9:57am On Dec 19, 2015 |
anonimi: u mean Buhari is a confused fellow? I think so too! 3 Likes 1 Share |
Re: Kachikwu: Subsidy Removal Will Not Affect Pump Price by dBard: 10:02am On Dec 19, 2015 |
Freegift75: The subsidy isn't being removed, if I read it correctly. Kachikwu is talking about manipulating market forces while moderating subsidy payment. Whether it'll pay off is still left to see. One tin tho, can't remember the last time I got fuel@ 87naira. Dunno if d Hon. Minister is dissociated from reality |
Re: Kachikwu: Subsidy Removal Will Not Affect Pump Price by Nobody: 10:02am On Dec 19, 2015 |
400 billion paid in name of subsidy can build over 800 health centre at 500 million each per so 774 local goverment covered |
Re: Kachikwu: Subsidy Removal Will Not Affect Pump Price by hedonistic: 10:03am On Dec 19, 2015 |
If it wouldn't affect pump price of PMS, then no problem. I keep telling advocates of subsidy removal and those who keep repeating the nonsensical claim of "subsidy fraud benefiting only a small cabal" that they are missing the point. If you remove subsidy, will fuel prices go up? If the answer is yes, then how can you claim that the masses never benefited from subsidy? How on earth do you expect the masses to accept subsidy removal if it means that they have to pay more for fuel? These are the very simple questions. If removing subsidy would somehow create the sort of efficiency that will make prices to be even lower than the current government regulated price, then OF COURSE the masses would support the removal of subsidy! Anything else is unacceptable. |
Re: Kachikwu: Subsidy Removal Will Not Affect Pump Price by rottennaija(m): 10:04am On Dec 19, 2015 |
ogawisdom:Time will tell |
Re: Kachikwu: Subsidy Removal Will Not Affect Pump Price by Nobody: 10:08am On Dec 19, 2015 |
mployer: If you re in opposition ita ok in seeing faulta in everything the present govt is doing or what they plan to do. But its foolish when u criticize and you dont provide solutions. its like you are program to see problems but not see solutions 1 Like |
Re: Kachikwu: Subsidy Removal Will Not Affect Pump Price by imagrg(m): 10:09am On Dec 19, 2015 |
The Senators, House of Representatives members and the State House of Assembly members should drastically slash down their salaries and allowances, even the money voted and entrusted on to them for constituency projects. They are entrusted with the nation's revenue and they enrich themselves by it and hold unnecessary talks at the State House. Too many cooks spoil the soup |
Re: Kachikwu: Subsidy Removal Will Not Affect Pump Price by Nobody: 10:09am On Dec 19, 2015 |
hedonistic:in a budget of 4 trillion does it make sense to u to pay up 1 trillion on petrol subsidy 1/4 and the actual fgn earning is 3 trillion one trillion is borrowed |
Re: Kachikwu: Subsidy Removal Will Not Affect Pump Price by OlujobaSamuel: 10:10am On Dec 19, 2015 |
democracy is all about dialogue, if PMB should wake up on the wrong side of the bed to remove subsidy on Jan 1st without we getting mentally prepared as it is now, you will see a protest more than 2012. Gej's adviser never helped him, he wasn't running a private coy but public coy, he shouldn't have made that announcement on Jan 1st without any prior notice(implied or express). The subsidy amount also skyrocketed in few months under him which his administration could not state the cause of the increase. Further revelations after the partial removal on its use give the citizens the impression that the protest was justified. If pmb should tow the same line, there will be massive protest because it's not about apc or pdp or any other party, but the perception of the citizens. |
Re: Kachikwu: Subsidy Removal Will Not Affect Pump Price by tiwiex(m): 10:13am On Dec 19, 2015 |
ajisebioyo1: Abi. Dem never remove subsidey, we are already doing 120. Which line maths be dat? That is story. When the price rises, another excuse will start. |
Re: Kachikwu: Subsidy Removal Will Not Affect Pump Price by fortunes0215(m): 10:14am On Dec 19, 2015 |
mployer: Ordinarily pump price should reduce as a direct result of oil price slump but unfortunately the value of naira is on a free fall...and remember we are import dependent...That erodes whatever savings we should be making on pump price. Had it been we refine locally and we are not exposed to forex fluctuations, local pump price of pms should be arround #35 - #40 by now. |
Re: Kachikwu: Subsidy Removal Will Not Affect Pump Price by Nobody: 10:21am On Dec 19, 2015 |
Or better u earn 80 k monthly but spend 20 k on fueling gen in your 80k earning20k is borrowed to finance you life sytle but the 20 k is not static as ur family increase |
Re: Kachikwu: Subsidy Removal Will Not Affect Pump Price by femi4: 10:23am On Dec 19, 2015 |
jusRadical:today 1 Like |
Re: Kachikwu: Subsidy Removal Will Not Affect Pump Price by Appliedmaths(m): 10:27am On Dec 19, 2015 |
This Kakichukwu guy seems to have fallen in love with two words, which are 'if' and 'may'. If and may don't work for me, not impressed. |
Re: Kachikwu: Subsidy Removal Will Not Affect Pump Price by fortunes0215(m): 10:30am On Dec 19, 2015 |
keally: Stop wailing. You still havent gone over the pains pf defeat. Point to projects executed by sure-p to justify the funds it got from subsidy reduction by GEJ. Why did Christopher Kolade resign...abeg stop wailing and face reality. |
Re: Kachikwu: Subsidy Removal Will Not Affect Pump Price by olutunde12(m): 10:41am On Dec 19, 2015 |
Sibrah: Before you start throwing mouth around, remeber that buhari is still the one in power and his people are the ones speaking here.... Liars. |
Re: Kachikwu: Subsidy Removal Will Not Affect Pump Price by wintergold(m): 10:49am On Dec 19, 2015 |
Freegift75:may?? Dat means dere's 50% chance of increment?. Not gud enuf |
Re: Kachikwu: Subsidy Removal Will Not Affect Pump Price by Panshow(m): 10:51am On Dec 19, 2015 |
Cpumping:Guy you're damn funny. |
Re: Kachikwu: Subsidy Removal Will Not Affect Pump Price by menxer: 10:56am On Dec 19, 2015 |
rottennaija: You didn't expect him to think in binary like GEJ/PDP Petroleum ministers, did you? |
Re: Kachikwu: Subsidy Removal Will Not Affect Pump Price by nezer83: 10:59am On Dec 19, 2015 |
TonyeBarcanista: |
Re: Kachikwu: Subsidy Removal Will Not Affect Pump Price by ideylaff: 11:00am On Dec 19, 2015 |
rottennaija: Yes he his but don't be fooled he was handed over to Buhari buy the cabal of the old (Danjuma and IBB) He's a chop man but an intelligent chop man who will have equity in the industry. Our oil and gas industry will always have a grey area. People who have worked with Kachukwu say he's half decent ethics wise nothing more or holy pass Kachukwu is purely Danjumas contribution to Buharis government . Danjuma was completely frozen out on a few things by Deziani and he decided he needs to hold down Petroleum when Buhari comes in. He's probably the biggest donor to Buharis campaign. |
Re: Kachikwu: Subsidy Removal Will Not Affect Pump Price by muyibaba222(m): 11:18am On Dec 19, 2015 |
Re: Kachikwu: Subsidy Removal Will Not Affect Pump Price by nnatom: 11:18am On Dec 19, 2015 |
Freegift75: my bro u are a big liar, was it not because of dis move made by GEJ u guys hated him. saying all sort of rubbish them. hmmmm this is why it will b difficult for dis country to move forward cos of Pple like u dat have short memory and has been brainwashed. 2 Likes |
Re: Kachikwu: Subsidy Removal Will Not Affect Pump Price by BABANGBALI: 11:36am On Dec 19, 2015 |
abeg lets get the gaddemn thing done once and for all jo,we are tired of rigmarolling on this issue |
Re: Kachikwu: Subsidy Removal Will Not Affect Pump Price by lastpage: 11:39am On Dec 19, 2015 |
keally: [b] What is all these nonsense about GEJ.... after almost one year of his defeat and disgrace out of office by MAJORITY of Nigerians? Get over it, GEJ is good riddance to bad rubbish! He is gone and gone forever. Was it not under him that al these humongous pilferage of our resources happened? .... all in Billions of Dollars! What manner of leader perfected and patented the phrase "America will know", for every question he was asked?.... and he was supposed tp be a PhD holder! You'all can continue to deceive yourself and go on a "finger-pointing jamboree" about how GEJ was put in a hole dug by his enemies, .... l bet it is a confirmation of his cluelessness and naivety, to be so 'led by the nose'. To say "Nigerians were deceived into voting out GEJ and replacing him with Buhari" ..... is an insult to Nigerians because it erroneously assumes that Nigerians cant make a rational decision by themselves but we all know this is far from the case. The fact of the matter is that people like you are still living in the past and living in denial. Those of us that voted for Buhari, even at 73yrs, had six good years to EVALUATE Goodluck Jonathan and we were convinced beyond any shred of doubt, that GEJ IS THE WORST THING TO HAVE HAPPENED TO NIGERIA.... since independence. A "dead" Buhari will still perform better than a "living" GEJ! It is not for child's play that we say "NEVER AGAIN", when it comes to a leader like GEJ. Let us point out that the price of Crude Oil has diminished drastically this year and as such, the importers of refined Petroleum are making a lot of profit margin, at the current price and hence, there is actually no need to keep the Subsidy in place ........ that is exactly what the petroleum Minister (Kachukwu) was "stylishly" saying. Its not a question of Nigerians accepting to remove Subsidy. At current crude price of $36/Barrel, Subsidy doesnot exist and to continue to pay such to importers is to continue to blackmail and defraud Nigerians. In foreign countries, pump price of petrol changes daily, as the crude price changes. But under GEJ, price of crude was as much as $120/Barrel which contributed to the high "landing cost" of refined petrol but that would not have been an issue if the Kleptomaniac called GEJ and his gang of treasury robbers were not siphoning our money into various foreign accounts and spending our earned forex like it was their personal pocket money......all superintended over by a wimp of a "Commander-in-Chief". *Can anyone imagine Kachukwu looting NNPC vaults like Dezzianni did? *Can anyone imagine the new NSA looting money meant for procuring arms, like Dasuki, Bafarawa, Dokpesi and probably their wannabe sister Linda (alleged) were all doing? Would Dokpesi dare collect over 2Billion and call it "advert money", under a Buhari administration? *I am sure all Buhari needs to do is to give them his "standard" side-glance and they would know that "stealing is now corruption". GEJ has gone down in history book as giving a very, very bad image to the South-South because he has demonstrated that given the opportunity to govern this country, they (He, as their son), cannot do better....... and even did worse! No amount of image laundering can help GEJ. it will be a miracle and a heavy magnanimity on the part of Buhari, if Goodluck Jonathan does not end up in JAIL.... but l can assure you he will be docked, to explain the part he played in all the sleaze that went on during his government, that are being revealed on a daily basis. You can blame the devil, blame his enemies, blame America, blame Iraq, blame Boko Haram, even blame Mama Piss, the point stil remains that GEJ was a monumental failure, as a President. NEVER AGAIN!! [/b] Lastpage! 4 Likes 2 Shares
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