Jonathan553:
See below

Debramaye:
How is it Fraud

Islie:







https://www.vanguardngr.com/2019/04/buhari-is-right-fuel-subsidy-is-a-fraud/

CalabarPikin:
Just like #30,000 minimum wage is a fraud...

ClearFlair:
Davido supports those criminals called yahoo boys. No wonder he supported PDP...thank God we rejected them

Onyeedum:
Anything Next Level brings, we expect, no surprises.

SluttanSlayer:
Civil servants should get ready for mass retrenchment

Nigerians should get ready for double inflation , high fuel price at least 350 naira

Your suffering jus dey start

Tundexxy:
Same story

Joromi12:
Crude production cost is 5 dolls This man is mad. The current subsidy being done my nnpc sucks because it doesnt allow private coys import fuel meaning lesser jobs. NNPC has over at least 51% of all oil blocks in nigeria. So the nnpc is selling its oil to refenieries abroad at a reduced rate so that they can sell for us at 145. Let them continue abeg. because if dem remove am we wont see wat the money is being used for

blackpanda:



the last time private companies were allowed to import we remember how they messed up the entire system with their fraudulently round-tripping, manufacturing figures from thin air and importing fake dangerous products. Not again!

1miccza:
If Buhari knew Subsidy was a fraud , why is he still following the same path, his hands are also too dirty to behold..

ClearFlair:
Davido supports those criminals called yahoo boys. No wonder he supported PDP...thank God we rejected them

1StopRudeness:


Thank you...Same format they used in 2015 to lie to us and increased fuel price from 86 to 145.....Now they are claiming they ddnt remove what they actually said they removed because they want to tell us it's time to remove it again...

Wow...Yahoo boys are rulling us

Joromi12:
agreed but let the money flow . This current nnpc one how u wan track am na.

tactius:
The argument does not make sense because we import over 80 percent of fuel into this country

And because our refining capacity is low


And why is it low? Because low prices due to.fuel subsidy.

The OP is assuming we have refining capacity enough to supply 60% of our need, when we have enough to supply ten percent. We import the rest.

And we are throwing away trillions of naira on a corruption ridden subsidy regime that he complains about yet expects the government to maintain?

Look guys, I hate saying this. God knows I wish fuel was 50 naira per liter. But thanks to subsidy, investment is not flowing into the country to build new refineries because no one is going to sell at a price below production costs.

And look, we are running out of money to even pay for the subsidy. With oil below the 140 USD we need it to be for a budget without borrowing, and with reports that we are cutting prices to sell our oil, where will we get the money.

Subsidizing fuel is wasting money. I will prefer to pay 200 per liter than pay the subsidy cabals for nothing

tactius:


Because if he removed it, ie allowed marketers to set the price of the fuel they would sell...and stopped paying subsidies....price of fuel would shoot up to N200 and above, leading to protests and nationwide revolt.

So, Nigeria keeps on paying for a scam because dealing with the scam is too politically expensive....even though subsidy removal is the best idea.

GEJ tried it in 2012...Nigerians rioted., it was reversed.

fairfora:
Wetin Buhari sabi? Figure head president who cant see beyond his nose. If subsidy was a fraud, then why pay it? Confused govt

1miccza:


The truth is, let no partisan politician or foot soldier to a politician deceive you, as long as we are not producing and refining our oil, our best option remains subsidy, the only alternative to Subsidy is ensuring that our refineries are in top shape and these leaders will not allow this because it's their meal ticket.. The marketers will continue to fleece the nation dry until we do the right thing..