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More Trouble For Nigeria As Fuel Subsidy Wipes Off Oil Revenue - Politics (2) - Nairaland

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Re: More Trouble For Nigeria As Fuel Subsidy Wipes Off Oil Revenue by Kobicove(m): 6:27am On Apr 30, 2021
These people are just looking for justification to increase the price of petrol undecided
Re: More Trouble For Nigeria As Fuel Subsidy Wipes Off Oil Revenue by Princedapace(m): 6:27am On Apr 30, 2021
Fejoku:

Yet foolish southerners want the same Nigeria to continue. Are some black people so dumb not to be able to figure out things as simple as this.

Southern Nigeria is the most foolish region in the world grin

Hahahahaha hahahahaha. Na igbo be the problem of southern Nigeria. Fulanis are siant. Hahahahahaha

3 Likes 1 Share

Re: More Trouble For Nigeria As Fuel Subsidy Wipes Off Oil Revenue by ChiefAfonja: 6:27am On Apr 30, 2021
All of us at say our darling daddy is doing fine grin grin

1 Like

Re: More Trouble For Nigeria As Fuel Subsidy Wipes Off Oil Revenue by Adetayo1978(m): 6:28am On Apr 30, 2021
Nothing is working in this country.
Re: More Trouble For Nigeria As Fuel Subsidy Wipes Off Oil Revenue by LucemFerre: 6:30am On Apr 30, 2021
I’m I the only one who is scared this country could sink very soon?

1 Like

Re: More Trouble For Nigeria As Fuel Subsidy Wipes Off Oil Revenue by MarketDispatch: 6:33am On Apr 30, 2021
Racoon:
-The announcement by the NNPC will have telling consequences for the nation's economy.


https://www.premiumtimesng.com/news/headlines/458163-more-trouble-for-nigeria-as-fuel-subsidy-wipes-off-oil-revenue.html









I still don't understand why NNPC acts as if it is only Petrol we make money with from crude oil.

Who collects and spends the revenue from the 11 other products from crude oil that NNPC makes money from?

1. Jet fuel, Fuel oil, Kerosene, Diesel, petroleum gas, Lpfo, etc etc.
Re: More Trouble For Nigeria As Fuel Subsidy Wipes Off Oil Revenue by zoedew: 6:34am On Apr 30, 2021
owobokiri:
A big scam is going on in the petroleum ministry!
Buhari made himself the Minister of Petroleum and appointed his tribal henchmen as subordinates in the NNPC.
Pump price has been going up steadily since he came to office, and the excuse was that the so-called subsidy has been removed. Yet, it has now gotten so bad that the ministry can not remit anything to the federation accounts! Every aspect of the NNPC is strategically manned by a northern muslim appointed by Buhari! The North produces no oil!

People! This is a generational heist going on here!
I wouldn't be surprised if 5 years from now, we come to find out that the oil and gas wealth of the indegineous communities in this country is being used to subsidize populations outside the shores of this country.. Buhari has more billion dollars projects in places like Niger Republic than he has in say the Niger Delta!
There is no way you look at the petroleum ministry under Buhari without having a feeling that something outlandishly evil is going on..

“The North produces no oil!“ This is serious!!!
Re: More Trouble For Nigeria As Fuel Subsidy Wipes Off Oil Revenue by RealAlubarika(m): 6:36am On Apr 30, 2021
owobokiri:
A big scam is going on in the petroleum ministry!
Buhari made himself the Minister of Petroleum and appointed his tribal henchmen as subordinates in the NNPC.
Pump price has been going up steadily since he came to office, and the excuse was that the so-called subsidy has been removed. Yet, it has now gotten so bad that the ministry can not remit anything to the federation accounts! Every aspect of the NNPC is strategically manned by a northern muslim appointed by Buhari! The North produces no oil!

People! This is a generational heist going on here!
I wouldn't be surprised if 5 years from now, we come to find out that the oil and gas wealth of the indegineous communities in this country is being used to subsidize populations outside the shores of this country.. Buhari has more billion dollars projects in places like Niger Republic than he has in say the Niger Delta!
There is no way you look at the petroleum ministry under Buhari without having a feeling that something outlandishly evil is going on..

Was NNPC established to solely import fuel?
What kind of leaders do we Have? Since 1999 Nigeria is unable to fix the old refineries or build new ones. A country who has large crude deposit is importing PMP what an irony.

We rise by lifting others
Re: More Trouble For Nigeria As Fuel Subsidy Wipes Off Oil Revenue by Lordave: 6:37am On Apr 30, 2021
FarahAideed:
Buhari should first tell Nigerians how fuel consumption shot up from 23 millon litres a day to over 60 million litres a day in his govt ..
The Reserves in Niger and Chad must be fed.

1 Like

Re: More Trouble For Nigeria As Fuel Subsidy Wipes Off Oil Revenue by CocoaOla: 6:37am On Apr 30, 2021
Dangote well done setting the ground for December opening

1 Like

Re: More Trouble For Nigeria As Fuel Subsidy Wipes Off Oil Revenue by MeghaneMorgane(f): 6:39am On Apr 30, 2021
Racoon:
Governor Godwin Obaseki was right.The government lied as in it characteristic trademark.The beginning of the end
The main source of Nigeria's economic sustainance and GDP is dries up.

Why will they governors get their allocations from or they will start austerity measures? Inflation is already @ double digits figures while unemployment is frightening coupled with other ills bedevilling this failed nation.Brace for impact people.

It has dried up yet they went to give tax credit to several billions to only one business. Money that if Dangote had paid would relieve the country a little. Where are we heading as a country
Re: More Trouble For Nigeria As Fuel Subsidy Wipes Off Oil Revenue by adecz: 6:40am On Apr 30, 2021
Any ministry or paraststal with
the incompetent Fulani or Kanuri
appointees of Buhari eventually grinds
to a halt.

Petroleum, Finance, Agriculture,
Military, Customs, education, Defence
& others.

Even the Fulani controlled Aso Rock
is clueless.
Re: More Trouble For Nigeria As Fuel Subsidy Wipes Off Oil Revenue by sylve11: 6:41am On Apr 30, 2021
Lordave:
Now is time to explore the Gold in Zamfara and Sokoto so we can sustain the economy since oil production has failed.

Nor loud am o. shocked cool
Re: More Trouble For Nigeria As Fuel Subsidy Wipes Off Oil Revenue by MadamExcellency: 6:44am On Apr 30, 2021
Another deception by the APC Administration to misinform its citizens.

If it means the more the price of crude the attendant subsidy wipes of the gains. It means there was no money generated by PDP government during Jonathan's administration because of huge subsidy.

Deceivers

2 Likes

Re: More Trouble For Nigeria As Fuel Subsidy Wipes Off Oil Revenue by reiddecuti: 6:46am On Apr 30, 2021
When are dead brain dullard is d president of Nigeria and doubled as Finance Minister. Everything he heads is annoying curse to Nigerians.
Re: More Trouble For Nigeria As Fuel Subsidy Wipes Off Oil Revenue by Seniorwriter(m): 6:49am On Apr 30, 2021
To think that this present Clueless Incompetent Fraud of a government told us back then whilst campaigning that subsidy was a scam used by the Incumbent administration.
SMH.
I still wonder how some youths still stupidly support both past and present clueless administration because of party affiliations yet it's glearing that none has ever been of value to citizens...all they do is embezzle and looting of funds for private use.
Imagine Buhari that talked down on foreign medical trips yet does it ! SMH @those gullible youths that still do.
We need a young visionary leader in Nigeria.

@Seniorwriter

2 Likes

Re: More Trouble For Nigeria As Fuel Subsidy Wipes Off Oil Revenue by BigYash: 6:50am On Apr 30, 2021
Karlovych:
grin grin Sai Next Level
Sai 4+4
x 4 again o. Zombies must hear word grin
Re: More Trouble For Nigeria As Fuel Subsidy Wipes Off Oil Revenue by adioolayi(m): 6:56am On Apr 30, 2021
This is a well orchestrated cards on the table of FG ....This will give a room for them to compel NLC to accept TOTAL OIL SUBSIDY REMOVAL...and ultimately, increase in pump price of petrol.

If Labour refused, then , payment of their salaries due to NNPC's shortfall of remittances into federation account will become difficult.

So, what's the way out for a common man
Re: More Trouble For Nigeria As Fuel Subsidy Wipes Off Oil Revenue by Jlow2: 7:03am On Apr 30, 2021
Very good
Re: More Trouble For Nigeria As Fuel Subsidy Wipes Off Oil Revenue by CryptoTeacher(m): 7:05am On Apr 30, 2021
Trying times
Re: More Trouble For Nigeria As Fuel Subsidy Wipes Off Oil Revenue by whodeyhere: 7:12am On Apr 30, 2021
Koralords:
Make them sell this country,Apple is now 4 for 500,Apple 10 500 before,

Small size apple oo..
Re: More Trouble For Nigeria As Fuel Subsidy Wipes Off Oil Revenue by Ojayk(m): 7:12am On Apr 30, 2021
FarahAideed:
Buhari should first tell Nigerians how fuel consumption shot up from 23 millon litres a day to over 60 million litres a day in his govt ..

Don't forget the solar power initiatives and the claim that Nigerians enjoy an average of 12hrs supply of electricity everyday.

Who and what got the fuel consumption from to 60 million?

1 Like

Re: More Trouble For Nigeria As Fuel Subsidy Wipes Off Oil Revenue by CasNova(m): 7:13am On Apr 30, 2021
There is indeed fire on the mountain.

Re: More Trouble For Nigeria As Fuel Subsidy Wipes Off Oil Revenue by Lordbinsmar: 7:15am On Apr 30, 2021
Karlovych:
grin grin Sai Next Level
Sai 4+4

Baba Boooolhari different from Baba Next Level? Oooh Baba Next Level Naa Ji...... of S........ grin grin grin grin

I don keep shot oooo may BMC crew and DSS no come find my address grin grin grin grin grin

But on a serious note, coming generation of Nigerians will feel the effects of the moronic government of Baba Next Level. The effects are completely irreversible. This country can never return to a good state again. Baba don spoil things pass Pipu wey dey loot money since 1960 within 6years shocked shocked shocked
Re: More Trouble For Nigeria As Fuel Subsidy Wipes Off Oil Revenue by ngadaAwo: 7:22am On Apr 30, 2021
ThatFairGuy1:
At this trying time we're as a Nation, can The legislative arms sacrifice their humongous salary for months till we get relieved!

Or until they experience mass action from angry citizens angry
how about Buhari resigning

Hypocrite Apc
Re: More Trouble For Nigeria As Fuel Subsidy Wipes Off Oil Revenue by ivandragon: 7:23am On Apr 30, 2021
There is something these APC guys refuse to acknowledge...

As much as one does not want to talk about the GEJ era, the fact remains that it was a huge feat for that administration to have kept fuel prices under #100pl for over 4 years.

It was the reserves that took the heat reason why it was reduced to under $30b.

Some say oil prices were over $100pb but they forget that by 2012, US had reduced fuel imports from Nigeria by about 50%. & This was our biggest trade partner with respect to crude oil.

By the time new markets were gotten in 2014, crude oil prices were on the way down...

1 Like

Re: More Trouble For Nigeria As Fuel Subsidy Wipes Off Oil Revenue by Creamz(m): 7:25am On Apr 30, 2021
Freestainworld:
They will sell fuel at 500 per litre before the end of this administration.


And still tell us that they are paying subsidy. The fraud in this Buhari's administration is too much!
Re: More Trouble For Nigeria As Fuel Subsidy Wipes Off Oil Revenue by powerbanks: 7:27am On Apr 30, 2021
In due time, we will hawk crude oil on third mainland bridge.

The government doesn't want to diversify the economy.
Re: More Trouble For Nigeria As Fuel Subsidy Wipes Off Oil Revenue by jesmond3945: 7:41am On Apr 30, 2021
Lordave:
Now is time to explore the Gold in Zamfara and Sokoto so we can sustain the economy since oil production has failed.
hahahahaha. My brother what failed is Nigeria. The British experiment failed woefully.
Re: More Trouble For Nigeria As Fuel Subsidy Wipes Off Oil Revenue by nedu666: 7:42am On Apr 30, 2021
Don't fall for this trick. The aim is to force an increase in fuel to 250 naira. By the time nnpc fails to remit revenue for 3 months, states can't pay salaries, fg can't pay salaries, they will start to clamour for elimination of subsidy
Re: More Trouble For Nigeria As Fuel Subsidy Wipes Off Oil Revenue by wpadmin: 7:42am On Apr 30, 2021
When the oil in the south becomes completely useless.

Our Northern leaders will finally agree to restructure the country.

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