JAMO84:
PDP Dundees will roast you for this. They hate anyone that speaks the truth.

aspabay:
This is what any thinking government will do.

God bless Nigeria

God bless President Buhari

aspabay:
This is what any unreasonable government will say.

God curse Nigeria

God punished bandit-Buhari

Backbencher2:


A thinking government would have removed subsidies and allowed the market , not government, to set prices of petrol, same as for DPK, and Diesel.

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.

Backbencher2:


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...

Backbencher2:


Well, if Buhari had gone further and removed subsidy in 2015 completely....and allowed marketers to set the price, there would have been no scarcity anyway.

If he had supported GEJ's sensible idea to remove subsidy in 2012, by now, we would have had more refineries self, and government won;t be struggling with bad fuel.

jlinkd78:
A statement that Buhari would soon deny and distance himself from

Revolution2022:
Will the government remove subsidy from petroleum without first establishing a local refinery?

Na you dey follow dey loot public funds.

Besides,how many times una go remove fuel subsidy?

Revolution2022:
No be total subsidy removal make fuel increase from #87 to #167?

Backbencher2:


A thinking government would have removed subsidies and allowed the market , not government, to set prices of petrol, same as for DPK, and Diesel.

ijustdey:


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

hmohammed:


GEJ is gone and buried. Wake up and smell the coffee. He lost woefully to Buhari and will lose again if another election is conducted between both of them

aspabay:


Very true, it's the hard and right choice. Every government is just afraid of the backlash from the citizens.

But it is the right and proper thing to do in Nigeria.

Backbencher2:


The government is spending money that it would have used for refineries on paying NNPC for the loss it incurres in selling fuel at N163 , which it imports at N200 and above . (now 330).

That's why you don't have refineries, and why the old ones don't work. And it has been like that for 30 years.




That's very low from you. This is a site, not your entire life.



It's called partial removal of subsidy. And it has to happen, otherwise, instead of the N168 or more that we pay for subsidy, it would be N240 or more by now., if we kept fuel at N87 per liter., and the subsidy budget would be hitting N10 trillion per annum.

It is also why you don't pay 15 kobo for fuel, like we did in 1981

Backbencher2:


Well, he is, but the truth is, Buhari has to remove subsidy completely, not keep it.

His keeping it is why we have issues, including the bad fuel, affecting our country.

You cannot import at N330, sell at N162, and expect things to run perfectly. Selling at a loss means crap service. (and yes, the PMS we use is one of the dirtiest in the world, even before this debacle, because we refine it at bad refineries in Belgium and Holland to keep subsidy costs low).

Backbencher2:


It's not total removal if it is government still setting the price at the end of the day.

Till them, govt lies when they say they remove subsidy, and still set the price.

Backbencher2:


Indeed...but as seen on this site, and outside....Nigerians prefer cheap fuel. Even if it is the dirty stuff we have been importing for ages.

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

Revolution2022:
There is nothing like subsidy payment.

There is a lot of corruption going on under Buhari's regime.They pay millions of Ransome to bandits and bokoharam who they grant amnesty.Buhari's foreign medical tourism is also depleting the revenue.Nass receives billions as constituency allawee and other illegal allowances plus padding of budget.

All these expenses are the reasons he want to increase fuel price.

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.