Subsidy? Hmm na wa

DrToche:
I still don't under this subsidy of a thing

It means the government is paying some amount of money to keep a price.. example, fuel is suppose to be at 185.7 but you buy at 145 per little



Meaning goverment pays 40 naira already as subsidy

MillionDollars:
Am i the only one who does not understand this fuel subsidy of a thing

yes sir!. its obvious you have comprehension issues.

If i were a god i'd rain fire upon the selfish, clueless and corrupt ruling class of Nigeria, because when they are supposed to give us comfort that's when they give us pains and troubles. Turning our blessings (petroleum) to curses (scarcity). They're all cursed...

Forward and backward leadership style packaged with lies.They said they removed oil subsidy but we later found out that they still pay subsidy.They said they eliminated Boko Haram we later found out that they are even more deadly than before.

This is wat we call reactive measures and very poors ones

Here is why we should have deregulated....

That's stupidity u know on govt side..

Thanks for explaining

WebSurfer:


It means the government is paying some amount of money to keep a price.. example, fuel is suppose to be at 185.7 but you buy at 145 per little



Meaning goverment pays 40 naira already as subsidy

WebSurfer:

Stop putting your life frustrations on Buhari, he’s not the reason to it



Meanwhile, can’t wait till Dangote Refinery kicks up as speculated , then I can imagine what the problem of Nigeria is if Petroluem issues persist

Simpleton Zombie.

Where have you left your sence

kolafolabi:
Madness is when you go and queue for fuel, buy it at N300 per litre, drive on bad road, get home to pour some in your gen so you can charge your phone just to make a thread on how we should give Buhari more time.

Best quote of 2017!

if D's buhari is d real presidnt and not colon let he for enter his aso rock office. make una continu to d lie to d country BC una wan increase d price again.

EsotericMonk:
Pls we didn't vote in that mor0n and his party for them to influence gbagbati news outlets to give us all these tripe. We know how this works, they used it very well to win elections, they used it to hike the cost of fuel from 87 to 143 now they at it already, preparing for another hike.
Its just unfortunate that Nigerians are the most gullible zombies I have come across. Despite being impoverished by slave masters, we would still shine teeth and take selfies with same slave master who comes to check you out on a queue under the scorching sun.
Some countries would have pelted such leaders with rotten eggs and rotten tomatoes. No time for rada rada
Whoever did this to us?

Whoever you vote....he or she is going to meet the import price of fuel at N171....and he or she is going to have a choice

1.Continue with N145 or go to N87 and waste millions on subsidy....

2.Or deregulate...yes people will pay N200 and above, but eventually investment and competition will bring prices down.

But you people want cheap fuel....even at the expense of the jobs of nigerians in the petrol sector.

GEJ tried...you people protested....so we went back to a bad policy to keep people like you happy. Now...oil is at $65...we need it at $123 to afford your subsidy

Here is why we should deregulate. The diagram below was made in 2015...

Promismike:
Simpleton Zombie.

Where have you left your sence

it’s right here with me. Thanks and God bless you

phayvoursky:
A GOOD LEADER FEELS THE PAIN OF HIS PEOPLE AND ACTS ACCORDINGLY

THE OPPOSITE DOESNT FEEL THE PAIN OF THE PEOPLE

HE TAKES SELFIES IN PETROL STATIONS WITH LONG QUEUES AND WISHES US A MERRY CHRISTMAS.

Tell us exactly what u would do if u were the president. Start filling everyone's car with petrol?

the same fuel I bought 5littres at N2500 black-market and N200 per littre at petrol station, is real change! apc

choi! 2017 budget don't suffer be that choi! God help Nigeria o

What happened to APC campaign promise to revive the 4 refineries. What about modular refineries in the Niger Delta. Stealing of money through fuel subsidy has just shifted gear. Money is needed for 2019 elections to buy votes.

9jakohai:


Whoever you vote....he or she is going to meet the import price of fuel at N171....and he or she is going to have a choice

1.Continue with N145 or go to N87 and waste millions on subsidy....

2.Or deregulate...yes people will pay N200 and above, but eventually investment and competition will bring prices down.

But you people want cheap fuel....even at the expense of the jobs of nigerians in the petrol sector.

GEJ tried...you people protested....so we went back to a bad policy to keep people like you happy. Now...oil is at $65...we need it at $123 to afford your subsidy

Here is why we should deregulate. The diagram below was made in 2015...

The problem with your argument is, Nigeria is an oil producing country. There is no freaking way Nigerians should paying as much as a country that does not have oil. It makes no sense. It is akin to a farmer who has thousands of tubers of yam and decides to go to the market to go buy the same yam he has. Does that make sense to you. That being said, the reason all facets of like life in Nigeria has stalled is because of how corrupt it's people are. If that doesn't change more woes will definitely befall the country.

phayvoursky:
A GOOD LEADER FEELS THE PAIN OF HIS PEOPLE AND ACTS ACCORDINGLY

THE OPPOSITE DOESNT FEEL THE PAIN OF THE PEOPLE

HE TAKES SELFIES IN PETROL STATIONS WITH LONG QUEUES AND WISHES US A MERRY CHRISTMAS.

You do know the solution to the petrol is to deregulate the price and end the subsidy which will shoot up the price towards 200 per litre. Are you okay with that?

Are you ready to accept that?

TheKingIsHere:
I thought Buhari said he doesn't know anything called subsidy? So why are we still paying for subsidy?

Also, I thought the useless A PC government said subsidy has been removed? So which one come be this again?

Buhari is a total failure

It was removed but oil was 35$ then,the higher the price of oil the higher the subsidy because its sent abroad,refined then return it back to Nigeria

kolafolabi:
M is when you go and queue for fuel, buy it at N300 per litre, drive on bad road, get home to pour some in your gen so you can charge your phone just to make a thread on how we should give Buhari more time.

What is wrong is when you refuse to allow deregulation in the name of cheap fuel...forcing marketers to make Hobbes choice...sell at a loss,or increase prices

What is is when you refuse to let the N145 go...and force NNPC and govt to pay a subsidy that is prone to abuse..because you want cheap fuel

What is wong is when we had a chance to remove the thing in 2012...you people came out on the streets, and said it was a burden. So we kept a subsidy that was unsustainable in the long run.

It is your right , and I think you should vote out APC. But stop denying the fact...either we deregulate, or we stagnate

And what percentage of this money filters through to Niger Republuc, Chad and the Cameroun.

9jakohai:


Whoever you vote....he or she is going to meet the import price of fuel at N171....and he or she is going to have a choice

1.Continue with N145 or go to N87 and waste millions on subsidy....

2.Or deregulate...yes people will pay N200 and above, but eventually investment and competition will bring prices down.

But you people want cheap fuel....even at the expense of the jobs of nigerians in the petrol sector.

GEJ tried...you people protested....so we went back to a bad policy to keep people like you happy. Now...oil is at $65...we need it at $123 to afford your subsidy

Here is why we should deregulate. The diagram below was made in 2015...

Your argument is dully noted sir, but this was the same story line sold to us two years ago just that they made it sweeter by telling us the money saved from subsidy @87 naira would be used to JumpStart the economy, refurbish our refineries within 9months and provide surplus fuel all round the year.

Can you honestly say they have come close to achieving any of these? Things are even worse off than they were then. If they can't be accountable with little, what makes you think they would be accountable with much?
After pushing blames to falling global oil prices, blaming militant activities, blaming past administration, they're out of options on who to blame.
We need to be honest with our peculiarities and stop deceiving ourselves.

Oh, I pity Buhari. The cabal are just using him to play chacha (kalokalo).

Bollinger:


The problem with your argument is, Nigeria is an oil producing country. There is no freaking way Nigerians should paying as much as a country that does not have oil. It makes no sense. It is akin to a farmer who has thousands of tubers of yam and decides to go to the market to go buy the same yam he has. Does that make sense to you. That being said, the reason all facets of like life in Nigeria has stalled is because of how corrupt it's people are. If that doesn't change more woes will definitely befall the country.

Nigeria is an oil producing country that has 170 million people, compared to other oil producing countries that have less than 20 million each.

We produce 1 million barrels less than the UAE and 7 million less than Saudi Arabia....who have populations less than 10 million people.

That is why we aren't a rich country at all. And that is why we really should go industrial. Like China.

Why all this trash here and there? Are dey trying to justify reason for all this?? What's happening to our refinaries Why subsidizing?... all we have up there..... THIEVES

well, I'm being inclined to say this. I'll give u guys the solution to our fuel problem and you guys can thank me later. the solution to our fuel problem and Nigeria problem to an extent is our refineries. while deregulation of our downstream sector will go a long way, it's still a temporary solution, the final solution is to get all refineries up an running, modular or private, chevron, shell, oando, mobil etc instead of just dangote alone which to me looks a little suspicious and political, encourage them all to have refineries and not just exploration of oil. that is the final solution to all our fuel problems. that way we will never bother about importation of fuel since we can get it locally and maybe even export. if thay is done, bye bye to subsidy and fuel hike, and say welcome to lots of money which can be diverted to other sector of the economy and watch Nigeria grow.

bettercreature:
It was removed but oil was 35$ then,the higher the price of oil the higher the subsidy because its sent abroad,refined then return it back to Nigeria

So because price of oil went up, it wasn't removed again? I wonder if some of you read what you write. Last year they claimed subsidy was removed another claim came out that it wasn't removed. The oil price was low. So what's your excuse for this inept government?

EagleScribes:
And the deceit continues...... I can't wait for 2019 to come as quickly as possible

So you can do what? The best you can do is change the people in government, but the process will remain the same. Even that messiah you have in mind will come in and start doing the same thing. Take a look at Rochas, in the end, they all succumb.

9jakohai:


Nigeria is an oil producing country that has 170 million people, compared to other oil producing countries that have less than 20 million each.

We produce 1 million barrels less than the UAE and 7 million less than Saudi Arabia....who have populations less than 10 million people.

That is why we aren't a rich country at all. And that is why we really should go industrial. Like China.

Do all 170 million people have vehicles? The number of vehicles on Nigerian roads is less than 12 million. Plus, the reason Nigeria is not a rich country is because of how corrupt the country is. It is the reason why it cannot manage it's resources effectively and never will. Corruption breeds waste and no nation can survive or grow in that kind of atmosphere. Even if it does deregulate, it will not make a dent in the fortunes of it's citizens. What with the way it's leaders and people embrace corrupt practices.

WebSurfer:

Stop putting your life frustrations on Buhari, he’s not the reason for it



Its the amount of money government pays to keep a price less and more affordable for its citizens... example, fuel is suppose to be at 185.7 as speculated above but you buy at 145 per little
Meaning goverment pays 40 naira already as subsidy

Meanwhile, can’t wait till Dangote Refinery kicks up as speculated , then I can imagine what the problem of Nigeria is if these issues persist

You think Dangote will make things easier? Bros better wake up. Before he ventured into cement we all thought that would be the game changer. Today we buy cement almost at double the price in the international market.

Paying over #2billion on a daily basis is the height of stupidity as nation. Can that money be used to set up modular refinery in each state even if the modular refinery can only break even it will be a big win considering the jobs that will be created.