Racoon:
Whao! consult with who? Same subsidy they told a nation that they suddenly withdraw in 2019? So these criminals have been paying the so called fraudulent subsidy or subsidy under-recovery all along despite all the lies?

Means the NASS have been subtly incorporating these payment into the budget or what? Who have been approving this fraudulent payment? Never in histroy.

Why are you disgracing yourself? They released actual real price, you people were shouting Buhari this! APC that! Wasting your precious time and energy wailing! Again, they're talking about subsidy and the only thing your stinky rotten brain could came up with was the nonsense you wrote up there!

That's the reason most of you are failing in your life! Be reasonable for a moment and if your brain keeps disappointing you or vice versa, you can swap it with N50 glo card! Werey tutu

So Gowon couldn't build an ordinary refinery when he exclaimed that Nigeria has too much money but doesn't know how to spend it?

Useless nation with foolish leaders.

A failed national entity.

Build refineries and stop useless unnecessary consultation.
Most of those u wan consult have refineries abroad... obj, babangida, atiku, etc. Iweala is here to destroy our economy for her masters.

APC is playing kalokalo for our head. There is no Subsidy in Nigeria. Don't let their minions deceive you, they are doing their job to deceive we all.

After the increase in price last week to N212 they saw the reactions of Nigerians, and how bad it will affect the economy they quickly revert it to it old price using funds not budgeted for.

Don't let the government and their agents lie to you there is no Subsidy on PMS.

Luckydubby7:
The ones they removed before from #87 to #147 to #162 and #170 are what?
I'm confused.

What nonsense consultations!
All the prices increased so far from N87 now to N170,whom did you consult? Now that you have turned the place to you- chop- I - chop company,only foolish. should expect anything good from NNPC and it's Subsidiaries.You could not improved Nigerians life to better- life; all the Refineries are worst- off; no new ones but you are waiting for Private Citizens- like Dagote to fill the gap!
Even by moving from N165-170 as at last week,which Citizens approved it for you?Shameless people everywhere! Please,park somewhere.

It's a fraud

Foolishbuhari:


You are not wise. I never expected better from a BMC lackey anyways.

You should be asking if they didn’t tell us they had previously removed subsidy? Didn't they say subsidy had been removed and denied every publication to the contrary?

The problem with you people is, you don't read to understand, you don't do any research and you always carry hatred and bitterness in your hearths.


Subsidy was removed when crude oil price was low, less than $50 per barrel. NNPC even made profits, for the first time in their history.


Now, crude oil price has gone up to $70, since the price of crude is directly proportional to the prices of its refined products, subsidies has to return.


The best solution is for government to hands off the downstream sector and allow the dynamics of the industry to play out fully.


Prices of crude, forces of demands and supply will determine the costs if they can put politics aside and embrace full deregulation.



I AM DONE TALKING

Just Imagine, this VEGETABLE of a president told us that SUBSIDY is a scam prior to his election, he boldly told us to our faces that SUBSIDY does not exist, and this same SUBSIDY he has removed more than three times from the time he became the president, that is to say' he is removing something that doesn't exist and the meaning is 'BROAD DAYLIGHT LOOTING' then, his ZOMBIES would come online and tell me he's "MR INTEGRITY" some of them go even come dey blow grammar unto say them dey EDUCATED, education don suffer, if this country is not RESTRUCTURED' i sympathetize with Nigerians because their TROUBLES will have no end at sight, whoever will succeed this FAILURE either become another FAILURE or work his life out trying to fix the damages caused by this ABJECT FAILURE called PRESIDENT, but i know there MUST be an end to all these NONSENSE someday, MUST

Sirjamo:
The problem with you people is, you don't read to understand, you don't do any research and you always carry hatred and bitterness in your hearths.


Subsidy was removed when crude oil price was low, less than $50 per barrel. NNPC even made profits, for the first time in their history.


Now, crude oil price has gone up to $70, since the price of crude is directly proportional to the prices of its refined products, subsidies has to return.


The best solution is for government to hands off the downstream sector and allow the dynamics of the industry to play out fully.


Prices of crude, forces of demands and supply will determine the costs if they can put politics aside and embrace full deregulation.



I AM DONE TALKING

All these you just vomited is balderdash. Nothing more. Where does the government get to fix prices when it's deregulated the sector? You get reasoning at all?

HenryThegreat1:

https://punchng.com/govtll-consult-widely-before-petrol-subsidy-removal-nnpc/

Which subsidy again na

Sirjamo:
The problem with you people is, you don't read to understand, you don't do any research and you always carry hatred and bitterness in your hearths.


Subsidy was removed when crude oil price was low, less than $50 per barrel. NNPC even made profits, for the first time in their history.


Now, crude oil price has gone up to $70, since the price of crude is directly proportional to the prices of its refined products, subsidies has to return.


The best solution is for government to hands off the downstream sector and allow the dynamics of the industry to play out fully.


Prices of crude, forces of demands and supply will determine the costs if they can put politics aside and embrace full deregulation.



I AM DONE TALKING

whalai you no get sense,nigerians bought fuel at 87 naira when international oil prices was around $100 and you want to now sell to Nigerians at $212 when the international price is just $70,thus this not suggest to you that the problem is buharinomics , coupled with unbridled corruption,what has changed in the country between 2015 and now that made you people to increase the exchange rate to such an alarming high rate, the importation not transparent and competitive,all this contributed,

Which subsidy again!!!

There always has been a subsidy

It is just that Nigerans and their government are engaged in massive self deceit because they don't want to face reality


Plus subsidy is a good political weapon.


All in all subsidy MUST GO

fedorahat:

Bros Subsidy is the easiest way to steal money, most money being stolen can be tracked this days or investigated if a new government comes in. With subsidy no way, subsidy is not about the price the claim the are paying, it is about the fuel snuggling cartel, that carries subsidized fuel across the border to sell at a higher rate.

Only the rich benefit

Other countries subsidise products for their citizens as well, so the people have more disposable income, to run the economy. Read what i wrote carefully, they are efficient ways to run subsidies, government can work with banks, and coporations that reach all Nigerians, where every citizen is apportioned a quota, you can buy the smart card from your bank, and you get units as subsidy on specific amounts, each citizen will have monthly/quarterly units to use...let us think like homo sapiens, it is not rocket science, to correct the corrupt abnormalities that characterised our subsidy regime...with the right political will, and a smart e system, via chipped cards, that will work with filling station operators POS subsidies will be done right, and the value reaching the people, that it is intended for...you can not throw away the baby with the bath water. Subsidy can be done correctly, with the right political will, it is inefficiency of the ruling class, and connivance to selfishly enrich themselves that perpetuates the stealing of subsidise oil. We pay politicians to think and provide solutions, let us start looking for the smartest people, with the right intentions and motives to run this country. Proffer solutions, it is dumb for any citizen to reject social benefits, it is smarter to proffer solutions, rather than dumbly and happily paying more money for essential services. Think well.

surgical:
whalai you no get sense,nigerians bought fuel at 87 naira when international oil prices was around $100 and you want to now sell to Nigerians at $212 when the international price is just $70,thus this not suggest to you that the problem is buharinomics , coupled with unbridled corruption,what has changed in the country between 2015 and now that made you people to increase the exchange rate to such an alarming high rate, the importation not transparent and competitive,all this contributed,

1.We bought fuel at.87 naira then because government spent 4 trillion naira subsiding fuel

2. We had 4 trillion naira to subsidse fuel because the high oil prices meant we had the income to do so

3. Even then the 4 trillion naira was not enough

4. If you want Buhari to knock down fuel prices, either oil has to go up to 100 dollars a barrel or we take a heavy loan to do so.

5. Gej raised fuel price from 65 to N97 because the money needed to keep fuel prices that low was too much

StreetFight:
Which removal again ? How many removals ?

Please check the dates below so that you can know that criminals are ruling Nigeria

So long as government controls the price of fuel there is a subsidy

ivandragon:
Bunch of lying liars...

Subsidy has to go, no doubt, but it is the manner that it is being done that is the issue.


These same clowns denied that there was ever subsidy on PMS before they came in & yet they do not seem it fit to apologise for misleading people.

To properly deregulate, associated costs must be reviewed downwards. & Expenses like bridging costs has to go.

Bridging costs only subsidies PMS for those up north & further inland.

How can fuel cost same thing in Lagos were the ports are & Sokoto?

If true deregulation takes effect, PMS in Lagos would be under #120 while it would cost over #200 in Sokoto. Now, that is deregulation & not this cock & bull they sell to their gullible praise singers.

Also, poor management of the exchange rate & related policies contribute to the increase.

This administration is useless all round.

Even then, let the subsidy go

Maybe the government would spend more on railways to transport fuel reducing cost of transport

Also there would be enough profit to allow for construction of pipes that can transport fuel across the country


Subsidy has got to go. APC has to face truth

specialmati:
we just voted group of confuse mofos which subside again which one did they remove before that made us buy fuel at 165 naira

What govverments have done in the past is reduce the amount of money spent subsidizing fuel, usually when for example our revenue falls due to fall in international crude prices

This manifests as a rise in price of petrol

They are still subsidizing fiel though. Not at the level they were previously

surgical:
whalai you no get sense,nigerians bought fuel at 87 naira when international oil prices was around $100 and you want to now sell to Nigerians at $212 when the international price is just $70,thus this not suggest to you that the problem is buharinomics , coupled with unbridled corruption,what has changed in the country between 2015 and now that made you people to increase the exchange rate to such an alarming high rate, the importation not transparent and competitive,all this contributed,

You said it yourself, oil price was $100 dollar for many years, more forex in circulation to keep the exchange rate lower than 200.


Oil has been lower than $50 for most time of Buhari's government.


it's not too difficult to keep the exchange rate low if you have the kind of forex president Jonathan had.

dederocs:

Other countries subsidise products for their citizens as well, so the people have more disposable income, to run the economy. Read what i wrote carefully, they are efficient ways to run subsidies, government can work with banks, and coporations that reach all Nigerians, where every citizen is apportioned a quota, you can buy the smart card from your bank, and you get units as subsidy on specific amounts, each citizen will have monthly/quarterly units to use...let us think like homo sapiens, it is not rocket science, to correct the corrupt abnormalities that characterised our subsidy regime...with the right political will, and a smart e system, via chipped cards, that will work with filling station operators POS subsidies will be done right, and the value reaching the people, that it is intended for...you can not throw away the baby with the bath water. Subsidy can be done correctly, with the right political will, it is inefficiency of the ruling class, and connivance to selfishly enrich themselves that perpetuates the stealing of subsidise oil. We pay politicians to think and provide solutions, let us start looking for the smartest people, with the right intentions and motives to run this country. Proffer solutions, it is dumb for any citizen to reject social benefits, it is smarter to proffer solutions, rather than dumbly and happily paying more money for essential services. Think well.

In a country like Nigeria, it is better to subsidized services instead of goods.
Education and health are already being subsidised.
Subsidization of goods leads to wastage and is easily manipulated.

Naegleria:


Even then, let the subsidy go

Maybe the government would spend more on railways to transport fuel reducing cost of transport

Also there would be enough profit to allow for construction of pipes that can transport fuel across the country


Subsidy has got to go. APC has to face truth

Did you actually read my comments or you just picked a comment & attached yours?

ivandragon:


Did you actually read my comments or you just picked a comment & attached yours?

I think I understood you as supporting subsidy removal, and lamenting the government not being truthful about removing it because of some disadvantage to the North.

This is what you particularly said...

To properly deregulate, associated costs must be reviewed downwards. & Expenses like bridging costs has to go.

Bridging costs only subsidies PMS for those up north & further inland.

How can fuel cost same thing in Lagos were the ports are & Sokoto?

If true deregulation takes effect, PMS in Lagos would be under #120 while it would cost over #200 in Sokoto. Now, that is deregulation & not this rooster & bull they sell to their gullible praise singers.

Good, now let them leave the rooster and bull story and really deregulate .

But if I misunderstood you, I am sorry about that. Thank you

fedorahat:

In a country like Nigeria, it is better to subsidized services instead of goods.
Education and health are already being subsidised.
Subsidization of goods leads to wastage and is easily manipulated.

you are a zombie...know this it is you against the politicians, in Egypt they protested when they increased bread price. I will cease to debate with you further, you iq really low, you have a servant mentality.

dederocs:

you are a zombie...know this it is you against the politicians, in Egypt they protested when they increased bread price. I will cease to debate with you further, you iq really low, you have a servant mentality.

No you are the entitled one, and the zombie actually, who still believes we are in a socialist society.
After the protest, what happened, did the achieve anything, is Egypt or any Arab nation better off.
Guy the earlier you guys realize this is a capitalist country with winner takes it all, the better for you, stop looking to be spoon fed and go and latch on to people who will teach you how to run, this is NIGERIA and we all are HYPOCRITES over here.
Get that into your empty skull

fedorahat:

No you are the entitled one, and the zombie actually, who still believes we are in a socialist society.
After the protest, what happened, did the achieve anything, is Egypt or any Arab nation better off.
Guy the earlier you guys realize this is a capitalist country with winner takes it all, the better for you, stop looking to be spoon fed and go and latch on to people who will teach you how to run, this is NIGERIA and we all are HYPOCRITES over here.
Get that into your empty skull

You miss the point, we are not talking about capitalism here. USA/UK the fathers of capitalism subsidise food, healthcare, and give housing/shelters to their people, are we a better capitalist state than them?
People like you have a servant mentality, you see the politicians as people who deserve to enjoy the nation's largese, and you servant just keep paying him via taxes, and completely rejecting your rights, and previledges as a citizen , but in reality, politicians are workers of the people, to help manage and disburse national revenue. You really are dumb, if the people do not benefit from national revenue via welfare and subsidies, then politicians and their cronies will circumvent the revenue. We are talking about elected public office holders and the people. The revenue belongs to us all, we all must enjoy it, dummy this is my point. The President, governors etc, are not the only one eligible to enjoy national revenue. Take a class in government and learn, you sound ignorant, am only replying you for the sake of education.

dederocs:
You miss the point, we are not talking about capitalism here. USA/UK the fathers of capitalism subsidise food, healthcare, and give housing/shelters to their people, are we a better capitalist state than them?
People like you have a servant mentality, you see the politicians as people who deserve to enjoy the nation's largese, and you servant just keep paying him via taxes, and completely rejecting your rights, and previledges as a citizen , but in reality, politicians are workers of the people, to help manage and disburse national revenue. You really are dumb, if the people do not benefit from national revenue via welfare and subsidies, then politicians and their cronies will circumvent the revenue. We are talking about elected public office holders and the people. The revenue belongs to us all, we all must enjoy it, dummy this is my point. The President, governors etc, are not the only one eligible to enjoy national revenue. Take a class in government and learn, you sound ignorant, am only replying you for the sake of education.

What is the percentage of tax paid in the US and UK compared to Nigeria.
What is the revenue generated.
You are comparing Apples to lime.
If you are so pained about the status quo , start a movement and fight to change the narrative, don't sit down by your phone and become the embodiment of the book of Lamentations.
Stand up fight and stop complaining, if not you are worse than a servant you are a slave in multiple chains, mentally,physically don't emotionally.

fedorahat:


What is the percentage of tax paid in the US and UK compared to Nigeria.
What is the revenue generated.
You are comparing Apples to lime.
If you are so pained about the status quo , start a movement and fight to change the narrative, don't sit down by your phone and become the embodiment of the book of Lamentations.
Stand up fight and stop complaining, if not you are worse than a servant you are a slave in multiple chains, mentally,physically don't emotionally.

Am educating you and others here, it is part of the movement and process. Fight for what benefit you, have sense.

dederocs:

Am educating you and others here, it is part of the movement and process. Fight for what benefit you, have sense.

Chairman I am already comfortable as I am, my problem is not the government, my problem is with individuals that have entitlement mentality. I have lost more to private citizens than I can ever loose to the government.
So talk about yourself.
Think about what you can do for your country not what your country can do for you.
Politicians are not up to 0.5 percent of the whole NIGERIA it is therefore a shame if 99.5 percent can do nothing about their actions other than ranting.
Try and build yourself up B4 you think about building others, because All I can get from you is high-handedness and chest beating