sarrki:
Which ever way its wrong

Our understanding from 97 per litre is that

Once we can get it at 145 there won't be subsidy anymore ii

Sarrki keep it up. May you NEVER GO back but rather be a good example to the rest who choose to still remain blind. I am proud of you Sarrki

I pity people who call Atiku a man and cant be the presisdent.

This is an eye opener for you, buhari is a thief in cloth of a sheep.
We dont need a saint president..... We need a president that has ideas, development capabilities, detrabilized and not a wicked tyrant and an islamic extremist like buhari.
It doest matter whether he is corrupt or not.

so they removed it from d bugject just to deceive Nigerians that gej govt was scam and yet went underground making foolish Nigerians like sarki believe DAT subsidy was a scam,we will soon hear d latest on chibok girls,no intention to govern,quest for power is the cause of this,this govt has no policy,imagine d minister of work said in d yr 2017 no project was executed yet dey appropriated money for projects,kia the power of Biro and paper these guys are wicked,,...I weep

no wonder Sarkis and d BMC allowances didn't reflect either,am sure nairaland has an independent bugjet hence no need including it in the bugjet,sarki don harmer kia

SalamRushdie:
These Buhari people are worse than you can ever imagine ..so NNPC funds are no longer accountable to anyone ..Yet this same govt rubbished the previous govt over this same subsidy payments ..This is sad

That's what is really pissing me off about this Buhari govt...they are even worse than Jonathan

sarrki:
Which ever way its wrong

Our understanding from 97 per litre is that

Once we can get it at 145 there won't be subsidy anymore ii

Subsidy was removed at a time when crude was selling at around $30. Crude is now over $60 so it's normal for the landing cost to increase. In as much as we want to continue to regulate prices of petroleum products, subsidy (implicit or explicit) cost will always exist.

Instead of the national assembly to be throwing allegations around about payment of subsidy without appropriation, they should simply amend the NNPC act that gives the corporation the power to recoup its cost without recourse to NASS appropriation. The various audit report by Auditor General and KPMG recommended this amendment but NASS did nothing about it.

sarrki:
Which ever way its wrong

Our understanding from 97 per litre is that

Once we can get it at 145 there won't be subsidy anymore ii

so sarki actually said this, abi na my eyes they pain me,,,,,this is impersonation,imposter,seun do something niraland has been compromised

seunmsg:


Subsidy was removed at a time when crude was selling at around $30. Crude is now over $60 so it's normal for the landing cost to increase. In as much as we want to continue to regulate prices of petroleum products, subsidy (implicit or explicit) cost will always exist.

Instead of the national assembly to be throwing allegations around about payment of subsidy without appropriation, they should simply amend the NNPC act that gives the corporation the power to recoup its cost without recourse to NASS appropriation. The various audit report by Auditor General and KPMG recommended this amendment but NASS did nothing about it.

That was why I disagreed with the increase from 87 to 145. This is actually the time we would have bought it between 135 - 150.

Rather, the government chose to be making profit on our head and now it has backfired. Leave NASS out of this as the pricing was were the problem lied.

The government was so focused on raising funds from every quarter forgetting oil prices are not stable and whatever profit made will be spent back if not double when the time comes.

finally, I blame it on the President removal of kachukwu as NNPC GMD. The reason is the Baru has always been part of the NNPC subsidy regime and at the time the president came in what was needed was an independent person that understand the oil and gas sector from the private perspective.

This government is blessed with foolishness

He was, however, quick to add that these problems were inherited from previous administrations.
“These are consequences of inherited state of infrastructure we are living with. The administration also inherited an empty treasury. So, we couldn’t overnight repair all these roads
NA LIE

Newbiee:
Wailers are not happy with the intervention. They would have want the situation to be worst than this, so that they can have opportunity to condemn the govt or even push govt to increase the fuel price for masses to suffer the more.
You will wail till 2023, we are beginning to see changes in our foreign reserve, agriculture, railways, roads and our federal government schools across the nation.

You are not a complete human being

They should stop blaming the mess on the previous administration.

Kachikwu gave the solution as the deregulation of the petrol price. Let the market dictate the price. Jonathan tried to deregulate in early 2012 but Nigerians love for cheap fuel led to mass protest. At least, he had the sense and the guts to try.

This Buhari refused to do until the international price went so high that a subsidy is now with us again.

There is no need whatsoever subsidising the price. The price of diesel has been freed and is plentiful in the market. That of kerosene too I suspect has been freed as we no longer hear tales of scarcity.

Buhari's refusal to do the needful is just incomprehensible. His understanding of economics is worse that zero.

Now, the NNPC is saddled fully with the dreadful job of paying N26 per litre subsidy or N700B, money this debt fuelled administration can't afford. What is worse is that the crude oil price will continue to increase further increasing the unaffordable subsidy

Campusity:


This blame game is nauseating. These guys are Blaming the roads now? Not marketers again?


Abeg, were you guys flying in the fuel to Nigerians before this present fuel scarcity. Mscheeeeeeew!

The thing tire me, in fact am depressed with the situation , don't know if we would ever get out of this shit hole, so sad , just imagine the explanation, and tragedy is that Nigerias are not sufficiently alarmed.

SalamRushdie:
Questions begging for answers here because from the understanding of Nigerians the govt had removed any subsidy completely hence the price of 145 per litre , so now that it has been confirmed that the govt is paying 26 naira as subsidy once more (same amount Jonathan was paying as subsidy when crude oil was 100 dollars a barrel) shouldn't the price of petrol go back to 87 naira at the pumps as against the 145 we are still paying..

You people should at least try to use your brains before you post. The NNPC is not paying anybody subsidy. As at today, the NNPC is the only one importing fuel into the country. They are simply selling at a controlled price to distributors to resell to us at the pump. Simple! There is no subsidy. They simply import high and sell low! Under Jonathan it was the PDP criminals pretending to import petrol but actually importing nothing, and then collecting billions from Jonathan's government under the false pretense that they importing petrol. Jonathan's marketers imported high or imported nothing at all, but still collected billions from Jonathan and Ngozi. Here the NNPC is the sole importer and seller to distributors. They import all the petrol and sell at their own price to we the consumers.

Understood??

SalamRushdie:
Questions begging for answers here because from the understanding of Nigerians the govt had removed any subsidy completely hence the price of 145 per litre , so now that it has been confirmed that the govt is paying 26 naira as subsidy once more (same amount Jonathan was paying as subsidy when crude oil was 100 dollars a barrel) shouldn't the price of petrol go back to 87 naira at the pumps as against the 145 we are still paying..

The price of petrol is dependent on the present exchange rate and the present international price of petrol

In 2012, the exchange rate was like 150. I think the price of oil was like $110

Now, the exchange rate officially is 301(365 at the black market) and the price of crude oil (talkless of refined even petrol) is $70

This is it folks. Change.......

And we want Ppl to believe we have senses in dis parts... Especially e-diots screaming sai baba and Change govt everytime

osazsky:
so sarki actually said this, abi na my eyes they pain me,,,,,this is impersonation,imposter,seun do something niraland has been compromised

Bros na eye dey actually pain you.......

But then again Atiku has been issuing some alert, so that some people can be atikulated. You can never tell, sarrki mau have been infected.......

gocac:
I pity people who call Atiku a man and cant be the presisdent.

This is an eye opener for you, buhari is a thief in cloth of a sheep.
We dont need a saint president..... We need a president that has ideas, development capabilities, detrabilized and not a wicked tyrant and an islamic extremist like buhari.
It doest matter whether he is corrupt or not.

Hear talk.. Smh...

No reason to justify any ilegality. FG has long stop subsidy, that's why PMS rose from #95 to #145. Jonathan please forgive and forget them that did the occupy Nigeria at Ojota.

SalamRushdie:
These Buhari people are worse than you can ever imagine ..so NNPC funds are no longer accountable to anyone ..Yet this same govt rubbished the previous govt over this same subsidy payments ..This is sad

Buhari and his useless cabinet are all thieves and they all deserve to be flogged out, stoned and dumped in the sea �

Campusity:


This blame game is nauseating. These guys are Blaming the roads now? Not marketers again?


Abeg, were you guys flying in the fuel to Nigerians before this present fuel scarcity. Mscheeeeeeew!

There just must be something or someone to blame sha. Chaiiii! Nobody takes responsibility for anything. Nigerians really entered 'one chance'.

Story story story

Built2last:
Once upon a time, Nigeria had a president that is not impeachable.

All hail king in the North.

OBJ did not do half of what Buhari has done but Okadigbo wanted to impeach him.

One of the reasons I won't rate saraki as fearless...buhari has committed many impeachable offence

sarrki:
Which ever way its wrong

Our understanding from 97 per litre is that

Once we can get it at 145 there won't be subsidy anymore ii

The government announced the removal to score cheap points not that they stopped the payment. Somebody probably told them they could removes the payment from the public domain and allow nnpc take cover under the law this man is now citing to perpetrate and perpetuate the policy they once referred to as fraud

TonyeBarcanista:

This is preposterous

Oga remember when I posted this

In theory there is no subsidy payment. It's just the NNPC running on a loss and there's law against the NNPC running a loss.

I'm not holding brief for Buhari but since NNPC is the one importing the fuel, then who are they paying the money to

and you responded with

TonyeBarcanista:
Which NNPC is importing and why go off key? So Who did Baru give money to? My grandfather abi?


Meanwhile, which law permit the President to appropriate funds without recourse to the National Assembly?

Best advice I ever received
There's a difference between morality and legality understand it and know when to apply it.

SalamRushdie:
Questions begging for answers here because from the understanding of Nigerians the govt had removed any subsidy completely hence the price of 145 per litre , so now that it has been confirmed that the govt is paying 26 naira as subsidy once more (same amount Jonathan was paying as subsidy when crude oil was 100 dollars a barrel) shouldn't the price of petrol go back to 87 naira at the pumps as against the 145 we are still paying..

Nope.
Dude you are way smarter than this don't join those who criticize for doing sake.

A Dollar was 165 during GEJ's time, now it's 365. What you bought at 85 Naira then cost way more then that now.

AZeD1:

Nope.
Dude you are way smarter than this don't join those who criticize for doing sake.

A Dollar was 165 during GEJ's time, now it's 365. What you bought at 85 Naira then cost way more then that now.

When you find out LCs are drawn at special CBN rates it knocks out the argument of Naira slump..Bro if you know tkind of corruption and roundtripping going on in the current fuel import racket you will faint.

Zombies would defend this! Mr intergrity fighting corruption! Tamuno ee!