Subsidy Removal under Jonathan;

Jonathans government announced the total removal of subsidy on Jan 1 2012.

The Facts;

1. Oil sold at 113 usd per barrel as at Dec 31st 2011

2. The exchane rate as at Dec 2011 was 1 usd to N 162.3

3. Jonathan's Predecessor actually dropped PMS price from N75 to N65 and was able to sustain subsidy whilst handling the amnesty program for repentant millitants till his early dismiss.

4. A more bouyant foreign reserve and growing ecomomy.

The government's major basis of total removal of subsidy was sighted as massive corruption. Rather than deal with the monster, the incompetence of the government was shifted to the masses. Many Nigerians were not ready to make the government have more money to loot, as subsidy was still sustainable at that time.

After the Occupy Nigieria protests, the price of PMS was revised to N97 per littre, with the promise of urban busses, building and rehabilitation of refineries e.t.c. It is interesting to note that the only partially successful programme after the subsidy removal was SURE-P because some Nigeirans benefitted from it without the "u must know someone" clause. Till the exit of Jonathan's government, we had no functional refineries, neither were new ones built.

Please note, Boko Haram was more like rag tag millitant as at the time of subsidy removal but later grew to a sophisticated, machine guns, tanks rolling millitant. So BH as an excuse is not tenable.

Subsidy removal under President Buhari.

1. Oil price selling below 40usd per barrel

2. Exchange rate of N197-N199 to a dollar and N320 to a dollar in the parallel market.

3. An ailing economy, with limited FOREX, and dwindling reserves.

The major reason for the total removal of subsidy by the current government is because of scarcity of Forex and an ailing economy. NNPC could not sustain solely importing petroleum products, and there is not enough Forex to give major oil marketers to handle the importation of petroleum products. It should also be noted that the present government have been able to tackle corruption to a fault in the oil industry.

The oil Marketters have now been given the liberty to source forex from other sources to import fuel which is the major reason for the high price hike.

The current government have made moves which will see the price of PMS drop in the nearest future. For the first time in years we have the Warri, Kaduna, and Port Harcourt refineries working together but some misguided youths amd miscreants in the name of avengers have decided to keep sabotaging the efforts of the present government.
There are also moves on ground to build more refineries.

In my opinion, the deregulation of the lower stream sector is right on track at this time and I stand with Buhari on this.

For now i see no reason why this government should not be supported, as they still have more than 2 years to deliver. Should the government not meet up to expectations before next elections, then Nigerians can't take their anger to the polls.

God Bless Nigeria.

So far, the the only reason so far given by the wailing wailers for not supporting the removal of subsidy is simply because "Tinubu" and "Fashola" were against it when Jonathan removed it. Most of these people were also amongst those who protested against the removal back then. But as it is today, its a game of looking for any opportunity to attack Buhari.

mynd44 and lalasticlala

What nonsense is this zombie saying ?

I've come to realize that GEJ/PDP supporters have not come up with any reason, whether plausible or otherwise, why the removal of subsidy, as they're wont to make us believe, is wrong. Their only objection is because when GEJ attempted it in 2012, it's resisted. Na wa for una o.

Anoda nonsense zombie posting baseless and disjointed epistle.

iykopy:
Anoda nonsense zombie posting baseless and disjointed epistle.

Another Wailing Zombie spotted in 4D

iykopy:
Anoda nonsense zombie posting baseless and disjointed epistle.

Be innovative, counter his claims and stop the stale namecalling.

iykopy:
Anoda nonsense zombie posting baseless and disjointed epistle.

That is why u are called Epkas

Gej wasn't trusted by even governors (APC n PDP). They preferred to share excess fund as it was being looted via phony federal expenses like BH war and so the masses were right to feel the same way and reject subsidy removal which put more money in the hands of the federal govt.
The Jonathan govt didn't show sign of blocking leakages at federal level but wanted to throw more money at the corrupt system, Buhari govt on the other hand showed its readiness to block leakages before going ahead to throw more money at a less corupt system.
The difference is clear.

The worst part is that GEJ raised minimum wage and NYSC allowance as a panacea to the suffering the subsidy might cause,but our dullardiho doesn't give a damn even with the worsening economic condition caused by the dollar hike and still most Nigerians that protested in 2012 finds it hard to even condemn this act...my Hero will live longer than his adversaries wished him.

youngeagle:
The worst part is that GEJ raised minimum wage and NYSC allowance as a panacea to the suffering the subsidy might cause,but our dullardiho doesn't give a damn even with the worsening economic condition caused by the dollar hike and still most Nigerians that protested in 2012 finds it hard to even condemn this act...my Hero will live longer than his adversaries wished him.

Now you have a point. Let's protest for increase in minimum wage not petrol deregulation

Subsidy in Nigeria is a FRAUD

Some people are so dull that they will defend their killer till they reach hell fire, kontinu.

Another zombie on the loose!

Geniro:
What nonsense is this zombie saying ?

Which part of write you did not understand? That the refineries are now working or some miscreants did not blew up the pipeline? Remember, Kanu is still in kuje for call Nigerians Zombie. It might be your turn to visit Kuje.

Zombies consolation thread

hazyfm:


Another Wailing Zombie spotted in 4D

Thank you ojare I have tried using the name for them hope others will popularize it.

E be like say the name " Zombies" don dey pepper Xombies


Very soon, dem go begin ban person wey call person Zombie ..

Let's go ..Joro jara joro .. Zombie

OK, since Zombies no get brain, let me state the major difference in subsidy removal bttween the past and present administration ..

People made more money this season .. I dey come o ..make I attend to something.

Edited: GEJ's subsidy removal was shrewd in secrecy till Jan 1, 2012 without public information to discourage hoarders of PMS ..

This era advertised this removal one week and encouraged smart guys to make @least N60/litre ..

People like Ifeanyichukwu Ubah must have kept aside 10 million litres @ N87/litre .. Now where is that damn calculator ..


I forgot to mention that Fuel was available without queue in 2012 while Nigerians are still made to queue for long hours before getting it @N145 .. or buy @black market @ N300

hazyfm:


Now you have a point. Let's protest for increase in minimum wage not petrol deregulation

Subsidy in Nigeria is a FRAUD

but the hike will still be there

Look who's talking about trust. Buhari in the last 10 months singlehandedly murdered TRUST in our national life. You want me to show you the disconnect between buhari words and actions?

koboko69:

That is why u are called Epkas

Mr zombie, i'm not ur misery. Now swerve

hazyfm:


Another Wailing Zombie spotted in 4D

Stop crying mr zombie. U are always in a difficult position trying to defend ur damn illiterate of a president.
Suck it up morrafucka

youngeagle:
The worst part is that GEJ raised minimum wage and NYSC allowance as a panacea to the suffering the subsidy might cause,but our dullardiho doesn't give a damn even with the worsening economic condition caused by the dollar hike and still most Nigerians that protested in 2012 finds it hard to even condemn this act...my Hero will live longer than his adversaries wished him.

Your minimum wage buddies are 0.5(reoccuring)% of the total population(1 million max). The combined Fg and states civil servants are at maximum 1.85% of the populace(fg:90,000 36 states: 3,240,000)

What will happen to the rest 98% of the populace?.

Do you know how much this subsidy of a scam is fleecing us of our common wealth? Do you know that Buhari inherited N600bn of subsidy debt from your hero?

If he looks like a zombie, if he talks like a zombie,
If he sounds like a zombie, he is a zombie.

Even a Senator elected under the Apc platform(Shehu Sani) is against this move,

But a zombie being payed 10k per post is here defending it,

I no blame dem sha,
Hunger too dey Naija,

Make dem just dey hustle for dia daily bread.

donphilopus:


Be innovative, counter his claims and stop the stale namecalling.

Seems like you dont wanna console ur self anymore asking for a rebuttal? Dont make it fall on u.

iykopy:

Seems like you dont wanna console ur self anymore asking for a rebuttal? Dont make it fall on u.

All you guys have been ranting on this threas is Zombie blablabla....no sensible contribution so far.

[s]

hungryboy:
If he looks like a zombie, if he talks like a zombie,
If he sounds like a zombie, he is a zombie.

Even a Senator elected under the Apc platform(Shehu Sani) is against this move,

But a zombie being payed 10k per post is here defending it,

I no blame dem sha,
Hunger too dey Naija,

Make dem just dey hustle for dia daily bread.

[/s]

Bro, u av made no sense...

Counter the claim!

korofo zombie don open thread to preach about the good of daura dullardism. LWKMD