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Buhari Endorses Plan To End Fuel Scarcity - Politics (2) - Nairaland

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Re: Buhari Endorses Plan To End Fuel Scarcity by ivolt: 1:03pm On Mar 14, 2022
Pierocash:
In terms of fuel scarcity,the Buhari government has scored more than 97% far more than the previous administrations. Since Buhari came into power, fuel scarcity became a thing of the past unlike previous administrations especially Gej, and Obj's Regime
Were you born yesterday?

3 Likes

Re: Buhari Endorses Plan To End Fuel Scarcity by Nobody: 1:04pm On Mar 14, 2022
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Re: Buhari Endorses Plan To End Fuel Scarcity by AntiBMC(m): 1:05pm On Mar 14, 2022
Lol. Clown. Don't endorse it na.
Re: Buhari Endorses Plan To End Fuel Scarcity by Nobody: 1:05pm On Mar 14, 2022
Only plan that would work is government completely removing fuel subsidy, and allowing the sector make a profit from selling petrol

That way, we would have enough profit and enough incentive for investment and growth in the petroleum sector.

Should have been done since 1993.
Re: Buhari Endorses Plan To End Fuel Scarcity by Abujason: 1:07pm On Mar 14, 2022
Thanks to our shameless and incompetent Europe based president. After almost 8 years in office as president and oil minister we are worse off than we were before you came into office.

Dunce!

1 Like

Re: Buhari Endorses Plan To End Fuel Scarcity by Nobody: 1:08pm On Mar 14, 2022
Pierocash:
In terms of fuel scarcity,the Buhari government has scored more than 97% far more than the previous administrations. Since Buhari came into power, fuel scarcity became a thing of the past unlike previous administrations especially Gej, and Obj's Regime

That happened because Buhari made NNPC the sole importer of fuel, meaning that the loophole of 'importing' that was used to embezzle subsidy money was closed...meaning that NNPC took on itself the burden of subsidising fuel...and government paid up the equivalent of the subsidy NNPC spent to them so that they won't collapse.

Even then, NNPC cannot sustain the subsidy, so from time to time, price increases occur. This might be one of those times.

1 Like

Re: Buhari Endorses Plan To End Fuel Scarcity by Holluwhakemmy(f): 1:10pm On Mar 14, 2022
Yinmu, Audio Plan
Re: Buhari Endorses Plan To End Fuel Scarcity by Clean2016: 1:11pm On Mar 14, 2022
Pierocash:
In terms of fuel scarcity,the Buhari government has scored more than 97% far more than the previous administrations. Since Buhari came into power, fuel scarcity became a thing of the past unlike previous administrations especially Gej, and Obj's Regime

If we had allowed GEJ to sell at N165. will there be fuel scarcity? Or what parameters did you consider before your score

3 Likes

Re: Buhari Endorses Plan To End Fuel Scarcity by Nobody: 1:12pm On Mar 14, 2022
jasmine1600:
Fuel was 87 and there was a protest, now fuel is 250 and they are comfortably buying it.

More like

1.Fuel was N65 and then raised to N140, and then there was a protest, and then fuel was kicked down to N97 and then, some 3 years later, to N87....and keeping that price that low, came at the expense of our forex and other reserves.

2.Also, fuel is still N163-5. Where it sells above that is as a result of subsidy payments not being enough to cover the resultant loss NNPC incurres by selling fuel at N163-5 after importing it at N330 (as at last week, N282 as at one month ago, N232 as at June 2021)

3.NNPC has not been able to improve refining capacity for over 20 years because subsidy...meaning they cannot make enough of a profit to fix the refineries once staff salaries have been paid...


(N.B No, I am not telling you why your hero GEJ was bad or Buhari is good, I am telling you why GEJ wanted to remove subsidy in 2012...before you start abusing me or calling me names.)

2 Likes

Re: Buhari Endorses Plan To End Fuel Scarcity by SeriouslySense(m): 1:13pm On Mar 14, 2022
No shame, why are we importing fuel, what happened to the national refineries. O wait, it has to be Dangote refinery abi, so the wealth goes to the elites, everything is monopolized, and stolen from the people.

Backbencher2:


That happened because Buhari made NNPC the sole importer of fuel, meaning that the loophole of 'importing' that was used to embezzle subsidy money was closed...meaning that NNPC took on itself the burden of subsidising fuel...and government paid up the equivalent of the subsidy NNPC spent to them so that they won't collapse.

Even then, NNPC cannot sustain the subsidy, so from time to time, price increases occur. This might be one of those times.

1 Like

Re: Buhari Endorses Plan To End Fuel Scarcity by Nobody: 1:13pm On Mar 14, 2022
Pierocash:
In terms of fuel scarcity,the Buhari government has scored more than 97% far more than the previous administrations. Since Buhari came into power, fuel scarcity became a thing of the past unlike previous administrations especially Gej, and Obj's Regime

You people should be having sense sometimes please. How will there be scarcity since he succumbs to every price pressure and pushes the burden to us? He's selling fuel more than x2 of what Jonathan sold to us.

Yet the same Buhari government is paying 3x more subsidy than Jonathan.

Have sense naww!

3 Likes

Re: Buhari Endorses Plan To End Fuel Scarcity by udemzyudex(m): 1:15pm On Mar 14, 2022
Pierocash:
In terms of fuel scarcity,the Buhari government has scored more than 97% far more than the previous administrations. Since Buhari came into power, fuel scarcity became a thing of the past unlike previous administrations especially Gej, and Obj's Regime

Just shut up if you have nothing reasonable to post.
Re: Buhari Endorses Plan To End Fuel Scarcity by onuman: 1:15pm On Mar 14, 2022
ijustdey:


https://guardian.ng/news/buhari-endorses-plan-to-end-fuel-scarcity/

Real leaders plan ahead.
This president has no clue of what political leadership is all about.
Approval of Fire Brigade measures.
Worse, Buhari is squaring to annoint his successor, unarguably, like him.
Re: Buhari Endorses Plan To End Fuel Scarcity by Sharon06: 1:15pm On Mar 14, 2022
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Re: Buhari Endorses Plan To End Fuel Scarcity by JAMO84: 1:18pm On Mar 14, 2022
Pierocash:
In terms of fuel scarcity,the Buhari government has scored more than 97% far more than the previous administrations. Since Buhari came into power, fuel scarcity became a thing of the past unlike previous administrations especially Gej, and Obj's Regime
PDP Dundees will roast you for this. They hate anyone that speaks the truth.

1 Like

Re: Buhari Endorses Plan To End Fuel Scarcity by Nobody: 1:19pm On Mar 14, 2022
SeriouslySense:
No shame, why are we importing fuel, what happened to the national refineries. O wait, it has to be Dangote refinery abi, so the wealth goes to the elites, everything is monopolized, and stolen from the people.


Note: I am not here to defend government.

1.NNPC import fuel at N330 and sell it at N163 , and government pays NNPC some money to cover the difference.

2.This means that NNPC cannot make a profit, and thus cannot get the money it needs to fix refineries, and crucially...build new ones. Also, investment is curtailed because no one wants to come and invest in refinery and lose money from selling refined fuel in the name of subsidy.

3.Dangote took loans from banks to build his refinery...which is how he can afford it..and the banks can afford to risk giving him loans because if he fails to pay back, they take over his lucrative other investments and pay themselves up.

4.This importation has been going on for years because in the good old days we wrecked our refineries by selling at a loss and paying NNPC a subsidy that did not cover the losses made from selling refined product below its production cost.....(one exec in TOTAL once pointed out that government, for example, did not pay for material refineries needed to refine crude into petrol)....so we ended up importing most of our need (by 2011, 6million liters of fuel were produced in the country, now it is none).


By the way, if subsidy goes, completely, there are 20 other competitiors waiting in the wings to commence work on refining. They can't because no one is going to finance your refinery dream if you end up losing money because government insists on you selling fuel below the production cost (see no 1).

1 Like

Re: Buhari Endorses Plan To End Fuel Scarcity by anytexy: 1:21pm On Mar 14, 2022
Yawns! Dey don break. Story as usual.
Re: Buhari Endorses Plan To End Fuel Scarcity by chloride6: 1:22pm On Mar 14, 2022
Increment loading...
Re: Buhari Endorses Plan To End Fuel Scarcity by Ofiadiegwu: 1:23pm On Mar 14, 2022
This sound ridiculous

The substantial Petroleum Minister "endorses" plan to end fuel scarcity.

Who's office is supposed to end it outrightly or even prevent it from occuring in the first place?

You want Nigerians to begin rejoicing that our President and Minister of petroleum is thinking of doing what is his constitutional mandate to have prevented...?

And this is a wonderful news while we spend whole day queuing at petrol stations, isn't it?

Let's clap for our President for the endorsement, grin
Isn't it what you want op??

1 Like

Re: Buhari Endorses Plan To End Fuel Scarcity by Arabaincubus: 1:24pm On Mar 14, 2022
Just endorsing the plans? These people are annoying and take Nigerians for granted.
Re: Buhari Endorses Plan To End Fuel Scarcity by desiredhome: 1:25pm On Mar 14, 2022
22o62021:
His greed is causing us

He made himself the minister of petroleum

Make another man no chop
Maybe that is the reason there hasn't been fuel scarcity all these years he entered into office....
There are a lot of saboteurs in this country...... Nigerians are very wicked to themselves due to uncontrollable greed.......

Fuel was a problem and people were buying double the price in the last administration
Re: Buhari Endorses Plan To End Fuel Scarcity by AKWATGOLD1(m): 1:26pm On Mar 14, 2022
FG has endorsed a 24-hour round the clock operations loading plan. I laughed
Re: Buhari Endorses Plan To End Fuel Scarcity by Ajehkpako4naija(m): 1:26pm On Mar 14, 2022
ijustdey:


https://guardian.ng/news/buhari-endorses-plan-to-end-fuel-scarcity/
lies from the pit of hell
Re: Buhari Endorses Plan To End Fuel Scarcity by Nobody: 1:29pm On Mar 14, 2022
feckos:


You people should be having sense sometimes please. How will there be scarcity since he succumbs to every price pressure and pushes the burden to us? He's selling fuel more than x2 of what Jonathan sold to us
.



The problem is that most Nigerians think that fuel MUST be cheap. Meanwhile, its cost of production rises....as does its cost of transport, taxes, etc....

If Buhari kept fuel at N87, by now our subsidy costs would be entering 10 trillion annually. Our budget is not up to 30 trillion annually. Where do we get the money? (More loans). And we still won't have money to fix refineries, because the 10 trillion is going to keep NNPC from collapsing from importing fuel at N330 and selling it at N87.(your price)


Also, we pay for subsidy from crude oil revenues...meaning we lose dollars (already low crude oil prices till 6 weeks ago meant dollar supply is not enough) which negatively affects the value of the naira...which means prices rise.

Seriously, GEJ wanted to raise prices, not reduce them. Because he knew what was up. But because you Nigerians wanted low fuel prices, he listened, and gave you what we wanted...and eventually led to us losing more and more money.



Yet the same Buhari government is paying 3x more subsidy than Jonathan.

Have sense naww!
[/quote]

Because our fuel needs have risen due to rising population (not the same as 2012...)

And because smuggling is happening...(in all our neighbours, fuel is at least N350 per liter. Here it is N165 . Unless we build a big wall and man it with border guards, we can't stop it).
Re: Buhari Endorses Plan To End Fuel Scarcity by Mijey: 1:30pm On Mar 14, 2022
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Re: Buhari Endorses Plan To End Fuel Scarcity by adeniyidare: 1:31pm On Mar 14, 2022
Buhari has to endorse the plan so it could be listed as part of the achiement of his administration. Atleast Garba Shehu, Adeshina and liar Mohammed will all have something to talk about


As if it was even supposed to happen.... Shior
Re: Buhari Endorses Plan To End Fuel Scarcity by desiredhome: 1:31pm On Mar 14, 2022
onuman:


Real leaders plan ahead.
This president has no clue of what political leadership is all about.
Approval of Fire Brigade measures.
Worse, Buhari is squaring to annoint his successor, unarguably, like him.
You talk as in you are in a developed country..... Nigeria is a 3rd world country with majority poor (poverty mentality) people...full of complainants without providing solutions....
Same people complaining are same people destroying the system....... poverty
Re: Buhari Endorses Plan To End Fuel Scarcity by Nobody: 1:36pm On Mar 14, 2022
Clean2016:


If we had allowed GEJ to sell at N165. will there be fuel scarcity? Or what parameters did you consider before your score

If we had allowed GEJ to sell at the N140 he was aiming for, by now not only would scarcity have ended, but there might have been enough revenue to commence domestic refining...and savings would have been enough.

Plus work would have started on the 3 refineries he was planning with the Chinese in 2010...

1 Like

Re: Buhari Endorses Plan To End Fuel Scarcity by Treasure17(m): 1:36pm On Mar 14, 2022
I blame those who voted in this ineptitude personality.
Re: Buhari Endorses Plan To End Fuel Scarcity by lomprico(m): 1:37pm On Mar 14, 2022
Fuckers

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